News for hackers. Stuff that matters.

A comment on At Booming Toptal, No Stock for Employees or Investors. Parent comment

Re:At Booming Toptal, No Stock for Employees or Investors by robocat on Friday August 16, 2019 @04:41PM (#20719486)
In which case the investors have not been screwed because they are sophisticated enough to know the possible outcomes - that's just business.

I suspect the VC team would say "well played that man".

[ Parent | on HN ]
Re:At Booming Toptal, No Stock for Employees or Investors by Tehchops on Friday August 16, 2019 @07:24PM (#20720644)
Do you really want to burn a bridge with a16z/AH in the tech industry?

They may say "well played" in so many words, in public. Privately? They may be marshaling their bottomless war chest to unmake you.

[ Parent | on HN ]
Re:At Booming Toptal, No Stock for Employees or Investors by robocat on Friday August 16, 2019 @07:49PM (#20720793)
He openly states he has no trouble with interest from investors: https://www.toptal.com/investors

And I can't see why his existing investors wouldn't be interested - although they would perhaps take more care with the terms.

His ethics don't seem to be weird, compared against stories about some other founders.

I can't see why you make predictions about how he should act or how VCs would act (what's your expertise?)

[ Parent | on HN ]
Re:At Booming Toptal, No Stock for Employees or Investors by threezero on Saturday August 17, 2019 @03:41AM (#20722763)
That first link about investor interest is entirely his word, which is worthless according to his former employees.
[ Parent | on HN ]
Re:At Booming Toptal, No Stock for Employees or Investors by Tehchops on Sunday August 18, 2019 @04:29PM (#20732603)
If read/listen to MA or BH at any length, they heavily emphasize the value of relationships and a network.

This behavior seems absolutely anathema to their stated ideals.

[ Parent | on HN ]