“About one-third of Basecamp employees accepted buyouts today”

Re:“About one-third of Basecamp employees accepted buyouts t... by angry_octet on Saturday May 01, 2021 @02:57AM (#27003960)

Well exactly. No IPO, no buyout on the horizon. Stocks would be a less valuable compensation than cash.

But the allure of partaking in massive success in a revolutionary startup is pretty significant. Less so if you have a steady salary perhaps, but I wouldn't be surprised to see a few of these people use the safety net of savings and a solid technical rep to try some riskier innovation.

I really can't believe I'm explaining startup allure on HN.

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Re:“About one-third of Basecamp employees accepted buyouts t... by busterarm on Saturday May 01, 2021 @03:42AM (#27004212)

I think I made it clear that's a trap that mostly suckers fall into.

You can still partake in the massive success of revolutionary startups with your cash. In fact, you're in a much better position to, because if you're making a lot of cash, odds are you are senior and connected in your field. You have better odds of picking winners and investing in them.

There's also opportunity to buy pre-IPO shares.

[ Parent | on HN ]

Re:“About one-third of Basecamp employees accepted buyouts t... by angry_octet on Saturday May 01, 2021 @10:53AM (#27006800)

How would you buy pre-IPO without options?

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Re:“About one-third of Basecamp employees accepted buyouts t... by busterarm on Saturday May 01, 2021 @07:01PM (#27010698)

Equity exists pre-IPO and people/companies sell it. There's even gray markets for trading it.

Being a qualified investor (which you can get to from zero in as little as 4-5 years if you're making FAANG cash) helps a lot.

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