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For those of you asking me if I bought my wework equity—I did not. But, not because I didn’t choose to buy it. Despite joining the company very early on, I was not offered options. Here’s a thread about what happened and my feelings about it now. /1
Cool thread. 1 thing that I find wild is that people are mad for you. It's wild that people think equity is their right. It's not. For years people started/owned businesses and others worked there for a salary. But now equity is assumed. Seems outlandish.
I think I took a pretty objective approach and I’m trying to be diplomatic through it all. I agree that people are really rallying and strong in their opinions which I find interesting and of course, really supportive.
I can’t say I find it outlandish but I can say that I respect and understand the opinions of pretty much every angle, including yours. I always welcome the discourse.
Equity is not a right, and I actually think in most situations, employees would be better off with a revenue share/performance bonus! So it’s okay if only founders/owners have ownership as long as they recompense employees appropriately in cash.
I agree. For most private businesses, I think a profit share or revenue share is the way to go.
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