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Re:Sell your startup for half a billion and get nothing (2021) by avereveard on Tuesday March 05, 2024 @03:48AM (#39600891)
If you dont pay to get the equity at market value you're most definitely a worker.
Re:Sell your startup for half a billion and get nothing (2021) by hamburglar on Tuesday March 05, 2024 @05:03AM (#39601406)
You’re just paying for your equity in a different currency.
Re:Sell your startup for half a billion and get nothing (2021) by avereveard on Tuesday March 05, 2024 @07:05AM (#39602285)
yeah, but one that put you in a weaker position because work based equity is often after a cliff and most likely from the non preference pool and doesn't have clause for buy in during fundraising events
Re:Sell your startup for half a billion and get nothing (2021) by hamburglar on Tuesday March 05, 2024 @02:37PM (#39608224)
Yes, if you get yourself a bad deal, you get a bad deal. There isn't anything inherently weak about trading work for equity. Don't take a bad deal.