We all know equity exists to get employees to work for below-market salaries, right? We're businessmen here? We can admit that's the intent?
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We all know that "How equity is presented in an offer letter, with a spreadsheet showing payout given hypothetical valuations" is a thing?
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@michaelpryor I periodically get confused by this topic, e.g. by that NYT story which had employees get shellacked and founders saying 1/2 -
@michaelpryor "Well they knew what they were getting into." If an employee had the impression equity was a sure thing, well, not crazy.
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@michaelpryor@patio11 I don't think that's facetious. (equally sure not aimed at SE!). Lots of CEOs & investors take that approach. -
@michaelpryor@patio11 CEO & investors made good 1st. None left for employees. Very common.
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@michaelpryor@patio11 how about you join us for a Google Hangout in new year to discuss? Will bring some people with different views...Thanks. Twitter will use this to make your timeline better. UndoUndo
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@michaelpryor Replace 'You could' with 'You will' all you want. Humans usually hear, 'You will'.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 Could say the same about startups in general.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@michaelpryor@patio11 tons of tricks to play if you know how and almost always employees will be net losers.Thanks. Twitter will use this to make your timeline better. UndoUndo
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