3 ms·
> 1. Take the least amount of stock possible - your startup is statistically unlikely to succeed. It'd be better to bump your salary up $10-20K than to get the
by jowiar 14y ago
> 1. Take the least amount of stock possible - your startup is statistically unlikely to succeed. It'd be better to bump your salary up $10-20K than to get the stock.
This is a worthwhile suggestion regardless of startup or not. You don't want a large portion of your assets tied up in the company you work for, where a calamitous event can both cause you to lose your job and your savings. Take the cash, invest it in / bet it on something where there is low correlation between the investment performance and your probability of continued employment.
- jethro_tell 14y agoI watched friends who worked at Washington Mutual with tons of WaMu stock see their "retirement" disintegrate in a couple months then getting rewarded with a pink slip. Not even a risky start up. That was a pretty painful.