LivingSocial: Employees' and Founders' Common Stock Now Worthless

Re:LivingSocial: Employees' and Founders' Common Stock Now W... by ready_set_go on Wednesday February 20, 2013 @11:44PM (#5255435)

If only they had beat Groupon to an IPO and been the ones to raise a warchest before the market realized these businesses were a terrible idea.

Once this funding runs out they will probably be a great bargain basement acquisition for a handful of companies.

I feel really bad for the hard working employees who were counting on the stock options =(

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Re:LivingSocial: Employees' and Founders' Common Stock Now W... by aaronbrethorst on Thursday February 21, 2013 @12:44AM (#5255677)

You should never count on stock options being anything other than a nice bonus that likely won't materialize. If you're taking a significant haircut on salary or benefits in order to have a shot at a big payday, you're doing it wrong.

Join a startup because you think it'll be a fun ride, not to make a million dollars.

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