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When you want to make a big impact for a big payday, why would this surprise you? Gentle reminder that more startups die by suicide than homicide, and that an
by quantified 1y ago
When you want to make a big impact for a big payday, why would this surprise you?
Gentle reminder that more startups die by suicide than homicide, and that an early-stage startup is a total crapshoot.
- tlogan 1y agoYes, startups are always a bit of a gamble, but this feels like a captain abandoning ship while it’s still full of sailors (many of whom have families depending on them). This really is a whole new level of getting screwed.
- Espressosaurus 1y agoThis is why advice is always to treat options for a non-public company as if they're near zero in value. Because for most people, they will end up being worth exactly zero in value. Less if they went and exercised those options prior to a liquidity event that may never happen.
- LunaSea 1y agoIsn't this the case for pretty much every startup that gets sold? Founders get a big pay day and leave within a couple years while 100 employees share a 1% of the company between themselves.
- quantified 1y agoThe difference between 1% and 0% is painful.
- insane_dreamer 1y agorule 1: never believe a word a founder says