Re:Ask HN: Working for 100% equity and no salary
by moocow01 on Tuesday November 26, 2013 @01:59PM
(#6803359)
1) Yes as long as you sign the papers
2) Yes - you are effectively being strong armed into becoming an investor.
Would you invest $[your salary / year] into a company that is running out of money and not paying employees? I sure wouldn't.
Without knowing the situation, the likely truth is that the VC's passed, the angel investors passed, so now you and your coworkers are being turned into the unwilling bottom-of-the-barrel investors.
2) Yes - you are effectively being strong armed into becoming an investor.
Would you invest $[your salary / year] into a company that is running out of money and not paying employees? I sure wouldn't.
Without knowing the situation, the likely truth is that the VC's passed, the angel investors passed, so now you and your coworkers are being turned into the unwilling bottom-of-the-barrel investors.