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Well I was asking about the employees not founders - it seems that working for a startup exposes you to the downside risk without paying out in the event of a w
by kurtosis 17y ago
Well I was asking about the employees not founders - it seems that working for a startup exposes you to the downside risk without paying out in the event of a win (except of course for the miraculous event of an IPO). Do the employees all know why they do it? Maybe I'm just wrong about the possible upside.
- aaronblohowiak 17y agoEven with an IPO, if you work at a startup as a post-money employee you are trading 60 hour weeks for what? a fraction of a percent -- assuming you don't get diluted by later rounds (which is very likely.) To make "life-changing" money, your company then has to be worth billions.
- JoeAltmaier 17y agoMy fraction of a percent of ConvergeNet ended up changing my life. And I learned loads about startup hell. And I met people that landed me MANY projects for the last decade. And on and on...