“I made 3 CEOs rich – So why am I broke?”

Post by raarts » Wed, May 04, 2016, 10:19 PM UTC

x5n1 wrote: post #9

dmitrygr wrote: post #3

And this, boys and girls, is why you should never join a second start-up. Join one early, see how it works & learn as much as you can. Do not expect $$$ - you will not make any. Then decide if you want to start your own, or want comfortable well-paid employment at GOOG/AAPL/FB/etc Do not expect to make money from a start-up unless you started it. If you did not start it, you are the disposable labour. Sorry.

If people took your advice Silicon Valley would be toast.

Post by JoeAltmaier » Wed, May 04, 2016, 10:36 PM UTC

raarts wrote: post #12

hyperliner wrote: post #5

Company 1) "I got my first job working in the marketing department for a wireless device company, ten years ago. I got paid the market rate which was very good, but as you know, Northern California is an expensive place to live. My first company got sold. I had stock options but they ended up being worthless after the deal." ---> That does not count. You stayed for 10 years, learned a lot, and it seems you came in at…

> I don't see how you deserve any of the millions they got I also don't see how they did. Did they work so much harder as to 'deserve' a ten to hundred fold turnout of their investment?

Post by landryraccoon » Wed, May 04, 2016, 10:56 PM UTC

x5n1 wrote: post #10

dimdimdim wrote: post #7

Being an employee at a startup does mean you took a risk, but nothing in comparison to the founders who built it. Most employees don't understand that a lot of things change along with way when building a company. Most product companies start with dreams of IPO or getting sold to a large company at a massive valuation. This seldom happens for the vast majority of startups - who either go bust, sell to slightly larger…

> Being an employee at a startup does mean you took a risk, but nothing in comparison to the founders who built it. Bullshit. I hate this sort of rhetoric. Founders took no more risk than the first employees. The founders got funding, and if they did not they convinced some poor schlub to waste their time on the startup. That's the only difference between early startup employees and founders. Many employees at tech s…

Post by fu9ar » Wed, May 04, 2016, 11:12 PM UTC

JoeAltmaier wrote: post #13

raarts wrote: post #12

Earlier quoted context omitted.

> I don't see how you deserve any of the millions they got I also don't see how they did. Did they work so much harder as to 'deserve' a ten to hundred fold turnout of their investment?

Capitalist success isn't something paid out by the hour. They capitalized on an opportunity. They made out big. Its the system we live under.

Post by [deleted] » Wed, May 04, 2016, 11:18 PM UTC