Live data from Hacker News

Ask HN: Am I being fooled at a Dutch startup?

news.ycombinator.com

31–33 of 33 posts

Re: Ask HN: Am I being fooled at a Dutch startup?

#31

Do you have a lawyer? Have you ever had a lawyer look at any of these contracts? That is where I would start.

No, but I'm looking for a law firm that has experience with funded startups

https://www.legal500.com/c/netherlands/commercial-corporate-...

I'd look at the tier 5 and 6 firms, they may be more interested to work for individuals. If they won't act, ask for suggestions as to who might. They may know of freelance lawyers who could be a good fit for you, for example.

Re: Ask HN: Am I being fooled at a Dutch startup?

#32
post #17

Wait, you were offered an equity package years ago but are only now receiving the certificates, and there is still a remaining vesting schedule? This sounds extremely fishy. I think a fixed-time vesting over 4 years is pretty standard, starting from the moment of employment, with no additional terms. If they're not happy with your performance, they should fire you, rather than withholding shares. I think 0.6% of shar…

> The position of non-voting shares is quite precarious I think, because a voting majority in the company can simply dilute shares and render the STAK-owned shares less valuable. They could try that but if the STAK is properly administered then the notary public would insist on those new shares being paid in full into the company account. This particular trick is fairly well defended against in NL. But there are othe…

Good to know, thanks!

Re: Ask HN: Am I being fooled at a Dutch startup?

#33

First rule of con artists, poker players and startup founders: if you can't tell who the sucker is, it's you. Doesn't matter what they promise you, it's all smoke and mirrors and they can take it away or make it worthless any time they like. Negotiate the best salary you can, and don't give up a single cent of that monthly money in the bank against some empty promise of future riches. You already suspect they're lyin…

This implies that in every deal there is a sucker, which is not true. Many people are employed in a way that is beneficial both to themselves and to their employer.
Post reply on HN