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Every time I hear this I think experiences and expectations are vastly different between SV and the rest of the country. 30ish years of working in New York and
by busterarm 1y ago
Every time I hear this I think experiences and expectations are vastly different between SV and the rest of the country. 30ish years of working in New York and I haven't encountered a single company that isn't 100% opaque about their equity to employees until time of exit/IPO. And I keep a large network.
That said, everyone here treats equity of non-public companies as if it's toilet paper. Some of my coworkers got very lucky and very rich when our company went public, but that was also a long time ago now.
- School-Cotton 1y agoI worked at one for five years: Materialize. Based in NYC. Everyone knew how many shares they owned, what percentage of the total equity that represented, and what the rights of the preferred share classes were.
- busterarm 1y agoGlad to see this data point. This is a company founded relatively recently and I hope this means that some kind of change is happening regionally.