Re:I sold Baremetrics
by goatherders on Tuesday November 10, 2020 @10:51AM
(#25047288)
I didn't think it was a jerk comment at all.
Your point is 100% right though. Early startup employees rarely understand the risk/reward. Surely none of the 10 employees at a 7 year old software company doing 1.6M a year thought they were on a rocketship.
This thread has nothing to do with a level headed discussion on the "fairness" of equity (which doesn't even make sense). I was responding to a comment calling Josh a dick for finally getting paid for a company he built that adds value to thousands of customer's lives, instead of giving it to highly replaceable early engineers.
Average software engineer gets compensated with 6 figure income for 7 years leading to a $70k cash payout. What a jerk that Josh is.
Rise, proletariat, rise.
Seriously, what is your point here, besides acting like a jerk? I mean, I totally agree with you, but that's why I think this thread is important. It should be a lesson to potential startup employees about how extremely lopsided the risk/return considerations are, that most equity deals are complete shit at startups, and that you should usually demand more equity if you have any negotiating power.
Indeed, the purpose of threads like this should be to convince startup employees as a whole that they're getting screwed on equity so they should demand more.