throwaway96

9 ms·

1. 1.▲
   by throwaway96 15y ago

   1) Liquidation preferences: Right, and part of the problem is that as more investments are collected, more preferred shares get in line ahead of employees' common shares. "Down" rounds tend to devastate the value of common shares. But the
2. 2.▲
   by throwaway96 15y ago

   No. Sorry about the throwaway account, but I wanted to mention that my colleagues did well without allowing people to identify them.
3. 3.▲
   by throwaway96 15y ago

   It's common to get a job offer that says something like you get 10,000 options on shares. But you don't know if the company has 2M or 20M or however many shares; your percentage ownership could be 0.5% or 0.05%. If you're receiving an offer
4. 4.▲
   by throwaway96 15y ago

   2nd developer, $1.4M in an IPO after 8 years. Took what I considered to be a reduced (around 75%) salary for the first 3 years. The first 5 or so developers probably all got something in the same range or more. The company is not particular