4 ms·
What risk? Did they forget to incorporate and will be personally liable for the debts? They took the risk of renting out a couple $5 a month servers, and buyi
by fleitz 14y ago
What risk?
Did they forget to incorporate and will be personally liable for the debts?
They took the risk of renting out a couple $5 a month servers, and buying a domain?
The last startup I was at I had 33 times the equity a guy hired a month later did. I didn't take anymore risk, I just negotiated better and first.
- eropple 14y agoWere your founders taking a salary from the jump? I suspect not; maybe your situation was out of the ordinary, but most founder types I know work pretty long hours well before seeing a dollar out of it. Opportunity costs are a form of risk; being paid a salary reduces (or eliminates) those opportunity costs and thus reduces risk.
- deleted 14y ago[deleted]