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Out of context: Reply #75601
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- mg331
Have any of you worked at brand new startups and been offered equity income? Was the $ you were making in terms of hourly or fixed fee payments equivalent to a salary you'd want, or less because of the equity portion? Any watch-outs in this situation?
- Tons of watch outsnb
- There are ways that you can lose out on the equity. The safe bet is to think of it as a lucky windfall if it all works out. Don’t count on itnb
- I know people who’ve gotten somewhat rich from joining the right startup, but it was always luck. It can happen. It’s not entirely rare.nb
- But I know people who’ve been staying at the same terrible job for many years hoping to cash in if the owners sell. Ruined their career, in a waynb
- And I’ve read about people getting screwed (legally) out of their equity when the startup IPOed or got acquired.nb
- Thanks. I’m not banking on this opportunity working out, but something came up out of nowhere today.mg33
- I wouldn’t do anything without a lawyer being involved on my side.mg33
- LWYR UPHAYZ1LLLA