Magic Leap Ships First Set of Devices Under Tight Security Constraints

Re:Magic Leap Ships First Set of Devices Under Tight Securit... by ynniv on Friday March 30, 2018 @08:10AM (#16715439)

...as long as you are paying yourself a hefty salary. Your equity dilutes quickly when you raise a lot of money, and liquidation preferences can leave you with nothing unless you actually make a wildly profitable company.

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Re:Magic Leap Ships First Set of Devices Under Tight Securit... by cjalmeida on Friday March 30, 2018 @10:00AM (#16716103)

That's always the case nowadays, huh? I think the days of startups CEO earning engineer level salaries and flying coach are long gone - at least for VC funded companies.

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Re:Magic Leap Ships First Set of Devices Under Tight Securit... by Retric on Friday March 30, 2018 @10:35AM (#16716405)

Founders are no longer forced to wait for IPO before selling shares. And after you get an X0 million dollar check who cares if you own 1% of what's left.

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Re:Magic Leap Ships First Set of Devices Under Tight Securit... by ynniv on Friday March 30, 2018 @11:43AM (#16717035)

This is news to me. Has it been reported anywhere?

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Re:Magic Leap Ships First Set of Devices Under Tight Securit... by Retric on Friday March 30, 2018 @12:12PM (#16717334)

It's called 'taking money off the table' and it's very common. EX: We knew that in Groupon's past two financing rounds, founders had taken money off the table. http://www.businessinsider.com/groupon-ipo-insider-selling-2...

Companies need to be huge before this before founders get's into the 10+ million dollar range, but even VC do this: http://avc.com/2018/01/taking-money-off-the-table/

Further, it's often encouraged as founders that take out enough money not to have significant financial concerns are more willing to aim for the fences.

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