This is a very good read. I know about startup options seen and liquidation preference. I remember few yrs ago Uber recruiters used to shamelessly say it on your face that you will have to come at a slightly lower base. Our options are worth a lot. I never took their offer. Maybe options would have been worth something. I don’t know. But how did it go for Lyft,Slack ,Uber employees in recent IPO? Did most of you make a MM and above? Thanks https://medium.com/help-me-heidi/my-company-sold-for-100-million-and-i-got-zilch-how-can-that-be-f7be0563f1f8
This article is quite an eye opener
Interesting read. Is it common to get screwed like this in a startup?
Yes. I know about this 6 yrs ago. Was at a startup. So read about all this liquidation preference etc
I've been a part of two startups that exited, once as the VP Eng with about 1% equity. In both cases stock was worth $0, though I did get a cash bonus for the latter.
This is an eye opener and so valuable information. I guess people risk everything to join startups and then they get knocked down like this
Just FYI, I was getting a startup offer and it was a low ball with lots of red flags. Glad I didn’t join them
Never accept options. Equity and cash only.
Early employee s who got Lyft, Uber, and Slack options did very well. However, those are rare unicorns, most startup options are worth $0.
Define early and define “very well” pls
Just Go IPO, then the math is easy.
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Wow. Thank you so much for sharing this.