I asked an early Adyen engineer what they’ll do after the $50B IPO. (The same engineer at Uber/Stripe would conservatively have $2M+ vested stock - realistically 10x this). Angel invest? Start a company? This person didn’t understand. They had less than $20K in stock.https://twitter.com/thijsniks/status/1351087028029566976 …
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Replying to @GergelyOrosz
That hurts to read :/ (But it will allow for one angel investment :P)
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Replying to @arvidkahl
On one end: good for founders/investors. On the other: the founder / CEO of http://Takeway.com also does zero investments in the local startup economy.
At Uber, many of my colleagues angel inveted actively - re-investing some of the equity gains. Especially in the US.1 reply 0 retweets 13 likes -
Replying to @GergelyOrosz
It definitely feels like the pay-it-forward spirit is stronger in the Valley startup world. Could be a European taxation and bureaucracy problem. Most employee stock compensation schemes are super complex here, to the point where businesses don't even bother.
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Replying to @arvidkahl @GergelyOrosz
Employee options are relatively easy to do in the Netherlands, but companies don’t have to because few of their competitors offer it. Silicon Valley wouldn’t do it either if it wasn’t for competition
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We are setting up ours right now across Europe (we are a distributed team w folks in +10 countries) and it's a real pain. Hard to find a blanket solution for all countries, and it's too expensive and inefficient to adapt it to specific countries.
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Yup, cross country is hard
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Which is also why American startups don’t do that till later rounds
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