1077
When the bullet dodges you (media.piefed.world)
submitted 1 year ago by to c/linkedinlunatics@sh.itjust.works
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[–] 91 points 1 year ago (7 children)

I'd only be willing to put in long hours for little pay at a startup if they agreed to give me shares in the company when I left.

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  • [–] 46 points 1 year ago (3 children)

    Yeah they talk about equity but were they offering it to this position?

    Also, fuck that dude regardless.

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  • [–] 13 points 1 year ago (2 children)

    I worked at a startup for a couple of years in the '90s. The equity was "we'll take care of you". Spoiler: they did not take care of me.

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  • [–] 5 points 1 year ago (2 children)

    That is always the case, you get a very generous part of the equity, which at that time is worth nothing, with the hope that in a number of years you can cash out and move from a dingy basement to a tropical island.

    If they don't offer a this very generous equity, run away immediately.

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  • [–] 7 points 1 year ago (1 child)

    And then they either water down the equity you have or get aquihired or some other bullshit.

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  • [–] 1 point 1 year ago

    Aquihired means immediate vesting of all your equity and you can cash out in the short term (usually no later than 1 year, often immediately) sometimes with the condition that you stay employed for a certain amount of time if you are high enough.

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