3 ms·
That’s my point. Even in massive outlier upside cases getting a 1% equity deal at seed is not really worth more than just being a standard FAANG worker. And tha
by tempusalaria 2y ago
That’s my point. Even in massive outlier upside cases getting a 1% equity deal at seed is not really worth more than just being a standard FAANG worker. And that requires many rounds of funding an and dilution and an exit. It’s worth remembering exits are very hard right now and founders have far more liquidity options. There have been multiple unicorns I’m aware of in the past 5 years with founders taking 8 figures in secondary and employees getting nothing. Now those unicorns have worthless equity for employees and the founders are on the beach.
- trogdor 2y ago>There have been multiple unicorns I’m aware of in the past 5 years with founders taking 8 figures in secondary and employees getting nothing. I assume you are referring to employees who have an equity stake in the company. Can you explain how the scenario you describe happens?
- tibbar 2y agoIt can certainly be worth more; I know engineers personally who became wildly wealthy, tens of millions of dollars from their equity—— but you’re right that most of the good outcomes are comparable to working in big tech over the last few years. (Worth noting that big tech itself has had some remarkable stock gains, which plays into this as well.)