jm + share-options   5

Don’t Get Trampled: The Puzzle For “Unicorn” Employees
'One of my sad predictions for 2017 is a bunch of big headline-worthy acquisitions and IPOs that leave a lot of hard working employees at these companies in a weird spot. They’ll be congratulated by everyone they know for their extraordinary success while scratching their heads wondering why they barely benefited. Of course, the reason is that these employees never understood their compensation in the first place (and they were not privy to the terms of all the financings before and after they were hired).'
share-options  shares  unicorns  funding  employment  jobs  compensation 
9 weeks ago by jm
Don’t waste your time in crappy startup jobs
7 reasons why working for a startup sucks. Been there, done that -- I wish I'd read this years ago. It should be permalinked at the top of Hacker News.

"In 1995, a lot of talented young people went into large corporations because they saw no other option in the private sector– when, in fact, there were credible alternatives, startups being a great option. In 2012, a lot of young talent is going into startups for the same reason: a belief that it’s the only legitimate work opportunity for top talent, and that their careers are likely to stagnate if they work in more established businesses. They’re wrong, I think, and this mistaken belief allows them to be taken advantage of.

The typical equity offer for a software engineer is dismally short of what he’s giving up in terms of reduced salary, and the career path offered by startups is not always what it’s made out to be. For all this, I don’t intend to argue that people shouldn’t join startups. If the offer’s good, and the job looks interesting, it’s worth trying out. I just don’t think that the current, unconditional “startups are awesome!” mentality serves us well. It’s not good for any of us, because there’s no tyrant worse than a peer selling himself short, and right now there are a lot of great people selling themselves very short for a shot at the “startup experience” -- whatever that is."
startups  work  job  life  career  tech  vc  companies  pay  stock  share-options 
july 2012 by jm
an ex-Skype employee dishes the dirt on their buyout and acquisition
some incredible stories -- pretty mind-boggling stuff, I'm amazed people stuck around
skype  startups  legal  share-options  shares  economics 
june 2011 by jm

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