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So, two questions for you (and anyone that cares to answer): 1. Has a founder ever said "Don't worry, we'll take care of you?" 2. Has that founder ever delive
by angersock 12y ago
So, two questions for you (and anyone that cares to answer):
1. Has a founder ever said "Don't worry, we'll take care of you?"
2. Has that founder ever delivered during the exit?
- loumf 12y ago1. No, and I wouldn't believe them if they did. 2. Nonetheless, they have always delivered more than what was contractually obligated (in the form as a retention bonus at the new company or some other commitment).
- balls2you 12y agoIn my case, both the startups were "sold" off to another larger holding. I personally, did not get anything worthwhile in a serious dollar amount so I chose not to exercise my options. Really, after the dilution your employee stock options are miniscule. And savvy startup CFOs will give employees small quantities of options not large. EDIT: Yes, and these were not traditional Silicon Valley startups, they were NYC/Finance area startups. The original founders were not developers (your "bros"), they were finance guys!
- tptacek 12y agoYes.
- deleted 12y ago[deleted]