(no title)
exelib | 3 years ago
Not sure I understand you. Why do post-acquisition wealth need an justification at all?
> Founders really take far less risk than employees.
If it would be true, why aren't you a founder? You know, blaming other people for wealth/startup/marriage or government/party/boss/partner is easy. But when it comes to actual execution, most of these people come up blank.
You have worked for a startup. Well, you was aware of the risks. But I'm pretty sure the founder had more risks than you. I say this as someone who founded a company recently.
yetanotherforg|3 years ago
Did you read the tweets, or just the headline?
> You have worked for a startup. Well, you was aware of the risks. But I'm pretty sure the founder had more risks than you. I say this as someone who founded a company recently.
I have helped start 4 companies with 1 gracefully neutral exits, 1 sold, 1 gracefully neutral, and 2 nose dives. After every exit I walked into a job making more $$ than at the job I worked at before the previous startup. The only "risk" a startup founder takes is the potential for a below-market salary for a short period of time.
~20 years ago I failed at a music start-up, royally failed. We burned through $2.5m in about 11 months with nothing of value having been produced, then the dot bomb exploded while we were raising our A round. The same investors funded my next failed startup and offered to fund the one after that.
Once you get to say "I'm a founder and names you might know from vc insider have given me amounts of $$" you have a golden ticket.