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Work for a company, create a product, have that product totally flop and all the investors lose their money? Cool, you're still making the same bi-weekly $3000.
by jstanley 2y ago
Work for a company, create a product, have that product totally flop and all the investors lose their money? Cool, you're still making the same bi-weekly $3000.
That's what a day job gets you.
- runako 2y agoThis is definitely not true in the US. https://thespoon.tech/juicero-to-lay-off-25-of-staff-as-it-accelerates-plans-for-lower-cost-gen-2-juicer/ https://thespoon.tech/juicero-to-lay-off-25-of-staff-as-it-a... https://www.theverge.com/2024/1/9/24032274/humane-layoffs-ai-pin https://www.theverge.com/2024/1/9/24032274/humane-layoffs-ai... https://www.npr.org/2022/04/05/1091077398/checkout-startup-fast-is-shutting-down-after-burning-through-investors-money https://www.npr.org/2022/04/05/1091077398/checkout-startup-f... etc.
- jstanley 2y agoSure, you can get fired. But that just means you're not earning any more. You're not losing the money you already had, like the investors did.
- Paul-Craft 2y agoJust to continue the analogy, an employee's monetary down side is limited to the amount of their investment, which is $0, modulo ESPPs and such. Investors can be leveraged and end up losing a multiple > 1 of their initial investment.