161–170 of 182 posts
Happens. I worked at a startup that offered to triple my equity if I stayed a full four years, a special offer to me for seven months of excellent performance. Four months later, growth below projections, they laid me off 19 days before my 1 year cliff. 3/9ths of the engineering team, gone. The lesson I’ve learned is to never, ever, put long hours into a startup you don’t own. Ever.
Happens. I worked at a startup that offered to triple my equity if I stayed a full four years, a special offer to me for seven months of excellent performance. Four months later, growth below projections, they laid me off 19 days before my 1 year cliff. 3/9ths of the engineering team, gone. The lesson I’ve learned is to never, ever, put long hours into a startup you don’t own. Ever.
this is true.
-karl marx
Earlier quoted context omitted.
When you say own you mean fractionally, or founder level share only? The thing is even if you 'have' the equity share as an employee, you might never get liquidity. And (super obviously) most startups fail. So even if you have a decent chunk of 'ownership', you really, _really_ need to believe in it to be working those hours. I'm talking the kind of belief built on your specialist and insider knowledge about why it's…
most people do not understand the underlying value of the securities they hold.
It's hard to tell what is sincere vs sarcastic here
[flagged]
Earlier quoted context omitted.
this one might be my favorite.
hahaahhahahaha
If you are looking for your next job, just consider that your future employers will read your blog and your comments here. Since you consider yourself as a CEO type, you are fine, then. However, when you want to raise money from VCs, the latter can also read your comments.
I mean, honestly, the state of VCs these days, this might work to his advantage.
Was there more content here at some point, or something? I can’t follow this at all.