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So, did that founder make clear exactly how you were going to be taken care of, or was it something you had to take on faith, or was it a surprise altogether?
by angersock 12y ago
So, did that founder make clear exactly how you were going to be taken care of, or was it something you had to take on faith, or was it a surprise altogether?
How'd you handle this sort of thing at Matasano?
- tptacek 12y agoA little of both. I have yet to handle a liquidity event as well as he did, but I got insulated from that a bit because consultancies pay market salary and don't do equity compensation.
- angersock 12y agoSorry to dig, but I'm basically trying to figure out how a founder can properly reassure employees that they've planned for this sort of thing--also its converse, that an employee has a straightforward way of telling if they are being misled by their founder.
- tptacek 12y agoIt would be tough for me to distill it out, because he's also the best leader I've ever worked for. My two Matasano co-founders also worked with him, and one of our mottos was "WWxxD" (s/xx/his initials). I think a lot of successful founders are successful once, and only plan on being successful once, and --- especially if it's their first company --- that changes the dynamics.