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Only one in ten startups “succeed” and by “succeed” meaning make money for investors that get a preferential treatment on exit. I’ll take equity in a private c
by scarface_74 2y ago
Only one in ten startups “succeed” and by “succeed” meaning make money for investors that get a preferential treatment on exit.
I’ll take equity in a private company on top of them paying my fair market value in cash. Now RSUs in a publicly traded company is as good as cash. Even though even then you have a risk of the stock falling.
While I personally would never work in BigTech (again) and prefer smaller companies and will accept the lower pay that comes with it. I would never suggest given a choice anyone join a startup that pays less than they could get somewhere else hoping that their equity will be worth something
- nejsjsjsbsb 2y agoYou can sell the RSU tranche the day you get it though right? So it like cash. Unfortunately that also means for tax purposes.
- scarface_74 2y agoYes. You get taxed when they vest. At least when I was getting them, you could make a selection to sell enough to cover taxes, sell them in all, or cover the taxes yourself.