Sometimes I feel like startup culture does a two-step about equity: "Don't count on it. Most goes to 0. BUT you'll be a winner and get rich"
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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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We know how many characters of that offer letter are devoted to the 70~90% case, where the common is worth $0 (less tax/exercise cost)?
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@patio11 sometimes to balance job-prestige, which is a different axis from salary on the comp grid.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11@mdesjardins I'm afraid I'm forced to diverge from my agreeable disposition to disagree with you.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 Equity also exists to persuade consenting adults to assume more risk than they’d have to for the same salary elsewhere.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 equity exposes me to bankruptcy risks. If I don't have a say in how that risk is mitigated i.e. business decisions, then gtfo.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 We don’t all know equity is a tease for lower salary, but I’m doing my part.
From this afternoon:pic.twitter.com/8JGU0rOB1c
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