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A comment on Why did I leave Google or, why did I stay so long?. Parent comment

Re:Why did I leave Google or, why did I stay so long? by justapassenger on Wednesday February 17, 2021 @04:05PM (#26171767)
Motivating by equity in startups is extremely misleading most of the time. You give people paper money that are extremely unlikely to have any value, even if startup has successful exit due to liquidation preferences (excluding really one of cases, of most the time good IPOs).
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Re:Why did I leave Google or, why did I stay so long? by Viliam1234 on Wednesday February 17, 2021 @07:37PM (#26173920)
That in my opinion is morally equivalent to fraud, although the law sees it differently. And yes it seems to happen all the time.
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Re:Why did I leave Google or, why did I stay so long? by smabie on Wednesday February 17, 2021 @09:07PM (#26174612)
It really depends. Some kinds of equity at firms means you get a percentage cut of monthly pnl. Some kinds of equity you can sell. Some kinds of equity are, for all intents and purposes, worthless.
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