Eero acquisition left employees with nothing

Facebook / Product xKVE61
Apr 5 22 Comments

Makes me wonder when is it financially worth it to work for a startup? (i know you should never join a startup based purely on financial reasons)

https://mashable.com/article/amazon-eero-wifi-router-sale/#QQjGSmXSYPq3

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TOP 22 Comments
  • Dropbox systest
    Either join as a cofounder or join pre IPO unicorn “startups”. Nothing in between
    Apr 5 0
  • Lyft alqt61
    That's why you do rsus and not options
    Apr 5 3
    • Facebook / Product xKVE61
      OP
      do most startups do rsus or options? agree options put a lot of burden on employees
      Apr 5
    • Lyft alqt61
      Some do options, it's almost always a worse option for employees
      Apr 6
    • LinkedIn 黃帝
      That’s why you do RSUs and not options
      Apr 7
  • Microsoft UMbR31
    Man that was a dark read
    Apr 5 0
  • Uber / Eng
    @w@

    Uber Eng

    PRE
    Capital One
    @w@more
    When has it ever been a financially smart decision to join a startup as anything but a founder or investor?
    Apr 6 0
  • New / Eng 666 666
    That acquisition was a fire sale 'liquidation' event. Line workers and most lower tier debt/equity are expected to be wiped out.
    Apr 6 0
  • Commvault alpha_wolf
    Joining startups for pure financial uptick is terrible option for employees
    Apr 5 0
  • Oracle / IT
    l00tb0x

    Oracle IT

    PRE
    Ericsson, National Instruments
    l00tb0xmore
    Seriously, what did you expect? Not choosing money over employees? /s
    Apr 5 2
    • Dropbox systest
      I hate to say it but you’re right.
      Apr 5
    • Oracle / IT
      l00tb0x

      Oracle IT

      PRE
      Ericsson, National Instruments
      l00tb0xmore
      Yup...
      Apr 5
  • New GWS
    They had a big pile of bad luck. Both of their products competed directly with google
    Apr 6 1
    • Google QmTN21
      Sounds like their main product was $500 routers? Not a big market
      Apr 6
  • Apple / Mgmt loa
    Almost feel bad for the employees!
    Apr 5 1
    • Avanade / Consultant
      AFcD20

      Avanade Consultant

      PRE
      Freelancer
      AFcD20more
      Almost?
      Apr 6
  • Hubspot fK4C02
    Wow. I thought the ideas of breaking up tech giants was ridiculous and unwarranted until I read this article. Now it’s making me a stanch supporter of massive breakups in the industry.
    Apr 6 2
    • Amazon / Eng Yolo!
      That’s not a free market then
      Apr 6
    • Hubspot fK4C02
      Everything has limits even free markets.
      Apr 6
  • Uber Kv5se8
    Nathan Hardison... not surprised.
    Apr 5 1
    • Microsoft UMbR31
      Classmate from Stanford?
      Apr 5
  • Facebook public2
    Smart business. Almost as good as doubleclick.
    Apr 6 0