Skip to content
  • Home Home Home, current page.
  • Moments Moments Moments, current page.

Saved searches

  • Remove
  • In this conversation
    Verified accountProtected Tweets @
Suggested users
  • Verified accountProtected Tweets @
  • Verified accountProtected Tweets @
  • Language: English
    • Bahasa Indonesia
    • Bahasa Melayu
    • Català
    • Čeština
    • Dansk
    • Deutsch
    • English UK
    • Español
    • Filipino
    • Français
    • Hrvatski
    • Italiano
    • Magyar
    • Nederlands
    • Norsk
    • Polski
    • Português
    • Română
    • Slovenčina
    • Suomi
    • Svenska
    • Tiếng Việt
    • Türkçe
    • Ελληνικά
    • Български език
    • Русский
    • Српски
    • Українська мова
    • עִבְרִית
    • العربية
    • فارسی
    • मराठी
    • हिन्दी
    • বাংলা
    • ગુજરાતી
    • தமிழ்
    • ಕನ್ನಡ
    • ภาษาไทย
    • 한국어
    • 日本語
    • 简体中文
    • 繁體中文
  • Have an account? Log in
    Have an account?
    · Forgot password?

    New to Twitter?
    Sign up
Austen's profile
Austen Allred
Austen Allred
Austen Allred
@Austen

Tweets

Austen Allred

@Austen

CEO Bloom Institute of Technology (fka Lambda School); Technical education from the future (YC S17). Seeking perfection.

The Metaverse
austenallred.com
Joined December 2010

Tweets

  • © 2022 Twitter
  • About
  • Help Center
  • Terms
  • Privacy policy
  • Cookies
  • Ads info
Dismiss
Previous
Next

Go to a person's profile

Saved searches

  • Remove
  • In this conversation
    Verified accountProtected Tweets @
Suggested users
  • Verified accountProtected Tweets @
  • Verified accountProtected Tweets @

Promote this Tweet

Block

  • Tweet with a location

    You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more

    Your lists

    Create a new list


    Under 100 characters, optional

    Privacy

    Copy link to Tweet

    Embed this Tweet

    Embed this Video

    Add this Tweet to your website by copying the code below. Learn more

    Add this video to your website by copying the code below. Learn more

    Hmm, there was a problem reaching the server.

    By embedding Twitter content in your website or app, you are agreeing to the Twitter Developer Agreement and Developer Policy.

    Preview

    Why you're seeing this ad

    Log in to Twitter

    · Forgot password?
    Don't have an account? Sign up »

    Sign up for Twitter

    Not on Twitter? Sign up, tune into the things you care about, and get updates as they happen.

    Sign up
    Have an account? Log in »

    Two-way (sending and receiving) short codes:

    Country Code For customers of
    United States 40404 (any)
    Canada 21212 (any)
    United Kingdom 86444 Vodafone, Orange, 3, O2
    Brazil 40404 Nextel, TIM
    Haiti 40404 Digicel, Voila
    Ireland 51210 Vodafone, O2
    India 53000 Bharti Airtel, Videocon, Reliance
    Indonesia 89887 AXIS, 3, Telkomsel, Indosat, XL Axiata
    Italy 4880804 Wind
    3424486444 Vodafone
    » See SMS short codes for other countries

    Confirmation

     

    Welcome home!

    This timeline is where you’ll spend most of your time, getting instant updates about what matters to you.

    Tweets not working for you?

    Hover over the profile pic and click the Following button to unfollow any account.

    Say a lot with a little

    When you see a Tweet you love, tap the heart — it lets the person who wrote it know you shared the love.

    Spread the word

    The fastest way to share someone else’s Tweet with your followers is with a Retweet. Tap the icon to send it instantly.

    Join the conversation

    Add your thoughts about any Tweet with a Reply. Find a topic you’re passionate about, and jump right in.

    Learn the latest

    Get instant insight into what people are talking about now.

    Get more of what you love

    Follow more accounts to get instant updates about topics you care about.

    Find what's happening

    See the latest conversations about any topic instantly.

    Never miss a Moment

    Catch up instantly on the best stories happening as they unfold.

    Austen Allred‏ @Austen 4 Mar 2019

    I'm surprised at how prevalent the advice to, "Assume equity is worthless and negotiate on cash comp" is. That's really good advice, unless the company ends up being very successful, in which case it's really, really bad advice.

    2:53 PM - 4 Mar 2019
    • 13 Retweets
    • 316 Likes
    • therabiimalik.eth Joe Merrill Shiraz Ahmad Steve Luu Keenan Andrianes Pinantoan Naren Diego Rios Matt
    44 replies 13 retweets 316 likes
      1. Austen Allred‏ @Austen 4 Mar 2019

        I've noticed that whether people believe equity can be valuable or not is almost 100% correlated with whether they know anyone personally who made f-you money from it

        19 replies 8 retweets 178 likes
        Show this thread
        Thanks. Twitter will use this to make your timeline better. Undo
        Undo
      1. Yosef H‏ @yossy770 4 Mar 2019
        Replying to @Austen

        People are pushing that advice because loads of startups have taken advantage of employees for years giving them barely minimum wage in exchange for equity and than it turns out that even the equity has convoluted terms etc.

        0 replies 1 retweet 37 likes
        Thanks. Twitter will use this to make your timeline better. Undo
        Undo
      1. Ryan Cousineau‏ @rcousine 4 Mar 2019
        Replying to @Austen

        What’s the Expected Value, though? I mean, “don’t buy lottery tickets” is also really good advice, unless the lottery ticket was a winner, in which case...

        1 reply 1 retweet 22 likes
        Thanks. Twitter will use this to make your timeline better. Undo
        Undo
      1. donjay‏ @donjay 4 Mar 2019
        Replying to @Austen

        99% of the time it works every time. Or just go to faamg and get equity that’s real

        0 replies 0 retweets 6 likes
        Thanks. Twitter will use this to make your timeline better. Undo
        Undo
      1. Holdy‏ @Ryan_Holdaway 4 Mar 2019
        Replying to @Austen

        It is a solid rule for people most likely to be taken advantage of.

        1 reply 0 retweets 4 likes
        Thanks. Twitter will use this to make your timeline better. Undo
        Undo
      1. Noted Computer User‏ @jbattin 4 Mar 2019
        Replying to @Austen

        Equity offers are far too often stingy and liquidity events aren’t a guarantee of common stock being valuable. Reading Venture Deals by Mendelson/Feld solidified this conventional wisdom for me.

        0 replies 1 retweet 3 likes
        Thanks. Twitter will use this to make your timeline better. Undo
        Undo
      1. New conversation
      2. Sweater Karen‏ @ChrisEsplin 4 Mar 2019
        Replying to @Austen

        Ask the engineers at @domotalk how they feel about getting screwed at the last second before @Domotalk went public. A reverse 15x stock split will make you wish you'd negotiated salary first.

        1 reply 0 retweets 9 likes
      3. Austen Allred‏ @Austen 4 Mar 2019
        Replying to @ChrisEsplin @Domotalk

        Wouldn't have mattered; Domo raised $600m+ and is worth about the same. The options were worth close to $0 because the company was a relative failure at the point of IPO, not just because the employees got screwed

        2 replies 0 retweets 9 likes
      4. End of conversation
      1. New conversation
      2. Fareed Mosavat‏ @far33d 4 Mar 2019
        Replying to @Austen

        In today's $ environment, I don't think it makes sense to take a below-market salary for any series A+ company. My advice is "get a fair salary you can live comfortably on and negotiate equity" b/c the outcome is primarily driven by your hire grant.

        1 reply 1 retweet 40 likes
      3. Noah Desai Weiss‏ @noah_weiss 5 Mar 2019
        Replying to @far33d @Austen

        Agreed. This is yet another area of startup comp where the (moderately) well-to-do get wealthier. Only people with previous savings can/should maximize equity package vs cash. Only people with previous savings can early exercise their options to buy freedom.

        0 replies 0 retweets 7 likes
      4. End of conversation

    Loading seems to be taking a while.

    Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.

      Promoted Tweet

      false

      • © 2022 Twitter
      • About
      • Help Center
      • Terms
      • Privacy policy
      • Cookies
      • Ads info