Re:What I Wish I'd Known About Equity Before Joining a Unicorn
by in_cahoots on Wednesday January 18, 2017 @12:07PM
(#13427985)
Founders and investors have favorable terms -- they can take money off the table in the former case, and have liquidation preferences in the latter. So their stock has non-zero value, though it may not be as much as the paper valuation suggests.
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Re:What I Wish I'd Known About Equity Before Joining a Unicorn
by khazhou on Wednesday January 18, 2017 @01:09PM
(#13428630)
Great perspective. It's not that equity itself is zero value. Otherwise, how would founders be able to afford MacLarens? It's employee equity that should be thought of as very low (or zero) value.