Ask HN: Should I Take CTO/Co-Founder Role?

Post by ctomaybe » Fri, Dec 11, 2015, 7:21 PM UTC

jf22 wrote: post #10

ctomaybe wrote: post #9

Earlier quoted context omitted.

I mean, right now I have about 1% equity and I'd jump to near 10%, so in the event of wild success of the company (let's say a 100M exit) I'd be way ahead, but in the meanwhile I don't think it's responsible to sacrifice the financial stability we're just arriving at. I'm in no position to open deep lines of credit and have no savings, so it's not like those are options. The way I see it, it's really a timing issue m…

I'm being blunt here but you should really re-think how financially literate you are if you think taking out debt for a unicorn exit is worth it. It is not the wrong time in your life to take this risk. This is the wrong risk. Jeeze, I mean you are saying you're willing to cripple yourself financially, and you are already in debt, I mean... I don't know I'm at a loss for words...