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geoburke | 5 years ago
An employee is paid day 1 and the risk beared does not surpass opportunity cost of a paid job at a successful startup vs a failed startup.
geoburke | 5 years ago
An employee is paid day 1 and the risk beared does not surpass opportunity cost of a paid job at a successful startup vs a failed startup.
khazhoux|5 years ago
Very often not true in silicon valley. The only sweat equity most founders contributed was toiling through coffees and get-togethers on University Ave or SOMA for a few months until they got the seed money. Then they hire engineer #1 at 1/80th their own equity.
Founders at funded startups pay themselves.
During an acquihire, founders get executive roles, salaries, bonuses, and equity, while "non-founders" are just back to the grind.
The notion of "founder risk" in SV-style startups just doesn't exist like it did a generation or two ago.
bonobo886|5 years ago