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An illustrative lesson to anyone who joins a startup with the promise of a ton of stock: the company can make it worthless whenever they feel like it. Always re
by afavour 8mo ago
An illustrative lesson to anyone who joins a startup with the promise of a ton of stock: the company can make it worthless whenever they feel like it. Always remember that.
As for Brewdog itself, there’s a lesson in VC mindset there as well I think. Everything doesn’t have to grow to be massive. You can stay a sustainable size if you want to. But alas the temptation to keep expanding is always too strong, and often leads to flameouts like this.
- nailer 8mo agoBrewdog also sold useless stock to customers > And they said no equity holders - including those who invested in the brewer's Equity for Punks scheme - would get any return from the deal.
- deleted 8mo ago[deleted]