3 ms·
"many founders strut around as if they're writing your yacht check personally with a 0.1-0.2% offer" It is even worse than you suggest for the not-a-founder-em
by georgemcbay 14y ago
"many founders strut around as if they're writing your yacht check personally with a 0.1-0.2% offer"
It is even worse than you suggest for the not-a-founder-employee, the 0.1-0.2% offer is almost assuredly common stock and could easily turn into 0.001% via dilution that occurs in further fund raising rounds.
Yes, you can still make a fantastic amount of money if you're strapped to a moonshot like Google or Facebook and the founders aren't completely manipulative dicks coughZyngacough, but even calling those "rare" (without a qualifier like 'super duper OMG so rare') as the article does is insulting.