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A comment on Working for a startup makes less sense. Parent comment

Re:Working for a startup makes less sense by sokoloff on Monday December 23, 2019 @09:24PM (#21869351)
Why is it unfair? The engineer was part of a team that collectively destroyed economic value. What is the fair portion of bonus on top of salary that they should be rewarded with for that performance?

By all means understand it; I’ll never argue against that, but I find liquidation preferences quite reasonable.

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Re:Working for a startup makes less sense by scarmig on Monday December 23, 2019 @09:27PM (#21869364)
The VCs are also part of the team that collectively destroyed economic value. They can't simultaneously claim credit for every success and disavow every failure.
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Re:Working for a startup makes less sense by alasdair_ on Monday December 23, 2019 @09:47PM (#21869452)
This is a fair point and I’d never looked at it that way before. Thanks!
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Re:Working for a startup makes less sense by Apocryphon on Wednesday December 25, 2019 @12:13AM (#21876964)
https://en.wikipedia.org/wiki/Lemon_socialism
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Re:Working for a startup makes less sense by williamDafoe on Thursday December 26, 2019 @03:43PM (#21886608)
We have a lemon socialism banking system. Obama made certain that 100% of bankers wiped out in 2007 paid NO PRICE for their recklessness; he prosecuted NO ONE.
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Re:Working for a startup makes less sense by unishark on Monday December 30, 2019 @08:11PM (#21918196)
It's not a reward. The engineer's work is a commodity they are selling to the company. Partly for wages and partly in exchange for equity. That is a real investment they are losing just like the VC's if things go bust.
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