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In every equity discussion since, I keep in mind what happened to the employees of Skype[1]. As a "founding engineer", I'm gonna need a lot more than 1% of opti
by psadauskas 2y ago
In every equity discussion since, I keep in mind what happened to the employees of Skype[1]. As a "founding engineer", I'm gonna need a lot more than 1% of options that will be worthless if the company fails, and probably worthless if the company succeeds.
[1]: https://techcrunch.com/2011/06/26/skypes-worthless-employee-stock-option-plan-heres-why-they-did-it/ https://techcrunch.com/2011/06/26/skypes-worthless-employee-... tldr: They just cancelled the employee options, and the founders and investors kept all the money.