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A comment on Employees at Practice Fusion got nothing as execs pocketed millions. Parent comment

Re:Employees at Practice Fusion got nothing as execs pockete... by gaius on Wednesday January 24, 2018 @03:41AM (#16221281)
A VC is disincentivised to empower ordinary workers regarding equity.
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Re:Employees at Practice Fusion got nothing as execs pockete... by rwallace on Wednesday January 24, 2018 @03:49AM (#16221307)
In the short term perhaps, but in the long term? What happens when word gets around that you shouldn't join a startup because even if it succeeds, your equity will just be stolen from you?
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Re:Employees at Practice Fusion got nothing as execs pockete... by gaius on Wednesday January 24, 2018 @04:37AM (#16221484)
What happens when word gets around that you shouldn't join a startup because even if it succeeds, your equity will just be stolen from you?

That word has already gotten around and is one of the main reasons for ageism in the industry - the only people who will work for startups are those who haven’t been burnt or wised up yet.

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Re:Employees at Practice Fusion got nothing as execs pockete... by evmar on Wednesday January 24, 2018 @05:46AM (#16221764)
Just to second this point, I am often courted by potential startup employers and I am usually pretty skeptical for exactly this reason.
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Re:Employees at Practice Fusion got nothing as execs pockete... by wtvanhest on Wednesday January 24, 2018 @02:05PM (#16225367)
Yeap, imagine if the company's HR rep was able to say that their equity distribution is compliant with YC employee favorable equity standards (YCEFE) or whatever. I think it would make hiring much easier. Ultimately, the exits which barely pay investors back are not how YC or anyone in VC makes money (power law) so creating an equity standards system seems like an obvious choice.
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