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 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 can be worth less than $0 if the employee is forced to exercise to keep the equity. What a complicated mess! - 2 more replies
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@patio11 a ridiculous thing! Saw an equity presentation w/ $100 a share. "You'll be richer than you can imagine." *rolls eyes* -
@gavingmiller@patio11 is say "you don't know how small my imagination is"
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@patio11 its all about transparency. I usually feel like the best way to be clear is to explain opportunity cost and skill set growth. (1/2) -
@patio11 lower pay for a chance at equity while in the process gaining a skill you would never gain at a large corp changes equation (2/2)
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