LivingSocial: Employees' and Founders' Common Stock Now Worthless

Re:LivingSocial: Employees' and Founders' Common Stock Now W... by temphn on Thursday February 21, 2013 @06:49AM (#5256860)

Honest question: do you believe there any job where you are not being screwed? And do you believe you are an above average employee, or that you could be a founder yourself (as it's just like getting in on Manhattan early)?

If so, why not work in that job (rather than at a startup)? Or why not found a startup (rather than be an employee)?

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Re:LivingSocial: Employees' and Founders' Common Stock Now W... by confluence on Thursday February 21, 2013 @07:09AM (#5256928)

Any job with monopoly pricing protections - a doctor or engineer at large established firms fit the bill. Once you have monopoly pricing - you are no longer the one being screwed, but rather the one doing the screwing.

Do I think I'm above average? Depends on what you mean by average.

There are zero barriers to entry in becoming a founder - so yes I'm founder material. As is everyone else. The question that actually needs to be asked is: How lucky can one get?

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Re:LivingSocial: Employees' and Founders' Common Stock Now W... by snowwrestler on Friday February 22, 2013 @12:21AM (#5262850)

I know several doctors and they all complain about how they are getting screwed--by the trial lawyers, the insurance companies, the hospital, the government, etc.

This may just be a situation where the grass looks greener.

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