Thanks for sharing, and happy holidays

  • @model_tar_gz@lemmy.world
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    41 year ago

    He would’ve screwed you anyway. “Equity” is so laughably easy to dilute to nada in startups through various means that there are numerous articles and parodies of it out there.

    I worked for a startup that didn’t meet its VC’s “valuation” goal even though we were stupidly profitable nearly from day one. Market-forces driven downround. When I left, the options I had were previously promised to be worth hundreds of thousands but because of dilution, weren’t worth the paper they were printed on. I didn’t let them give me options “in lieu of base comp” though, so I ended up ok but not everyone did.

    • @BallShapedMan@lemmy.world
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      21 year ago

      I’m sorry it worked out that way for you. Sucks seeing hard working people get screwed over…

      And that’s a good point and not one I considered. With how financially savvy I wasn’t I wouldn’t have even seen it coming.