top | item 21810990 (no title) astrofinch | 6 years ago Most startups offer equity to their employees."the company is owned by tyrants"Citation needed. discuss order hn newest unlinked_dll|6 years ago all of us employees with startup equity know that it's a far cry from employee ownership, and it's disingenuous to suggest that we have any quantum of control when push comes to shove. rumanator|6 years ago How many quantum of control do you have on a democratic society where your vote is worth as much as the vote of any of your million fellow citizens?Not being able to force your personal will onto others doesn't mean a society or organization is not democratic. load replies (2) tspike|6 years ago Two words: dilution and liquidityThis typically happens at big companies, though. PopeDotNinja|6 years ago Yes, and liquidation preference. A company can get sold for $1 billion and still have 20-percent-owning founders who get $0 from the sale. chillacy|6 years ago Being a startup employee is statistically just a bad deal, in terms of hours invested to equity out. Being a cofounder or advisor isn’t too bad.
unlinked_dll|6 years ago all of us employees with startup equity know that it's a far cry from employee ownership, and it's disingenuous to suggest that we have any quantum of control when push comes to shove. rumanator|6 years ago How many quantum of control do you have on a democratic society where your vote is worth as much as the vote of any of your million fellow citizens?Not being able to force your personal will onto others doesn't mean a society or organization is not democratic. load replies (2)
rumanator|6 years ago How many quantum of control do you have on a democratic society where your vote is worth as much as the vote of any of your million fellow citizens?Not being able to force your personal will onto others doesn't mean a society or organization is not democratic. load replies (2)
tspike|6 years ago Two words: dilution and liquidityThis typically happens at big companies, though. PopeDotNinja|6 years ago Yes, and liquidation preference. A company can get sold for $1 billion and still have 20-percent-owning founders who get $0 from the sale. chillacy|6 years ago Being a startup employee is statistically just a bad deal, in terms of hours invested to equity out. Being a cofounder or advisor isn’t too bad.
PopeDotNinja|6 years ago Yes, and liquidation preference. A company can get sold for $1 billion and still have 20-percent-owning founders who get $0 from the sale.
chillacy|6 years ago Being a startup employee is statistically just a bad deal, in terms of hours invested to equity out. Being a cofounder or advisor isn’t too bad.
unlinked_dll|6 years ago
rumanator|6 years ago
Not being able to force your personal will onto others doesn't mean a society or organization is not democratic.
tspike|6 years ago
This typically happens at big companies, though.
PopeDotNinja|6 years ago
chillacy|6 years ago