Ask HN: Are you now less interested in startup jobs? During rough or uncertain economic times, risk tolerance declines in favor of job security. How have the last few months affected your interest in joining a startup? Thanks! |
Ask HN: Are you now less interested in startup jobs? During rough or uncertain economic times, risk tolerance declines in favor of job security. How have the last few months affected your interest in joining a startup? Thanks! |
Eleven startups. Net value of options: zero.
Plenty of exits, but thanks to preferences overhangs, zero value for employee stock options. Yes, got decent salary, but not FAANG level.
VCs may be able to write off 1/3 of their investments, I can't. Stop conning employees into accepting lower salaries in return for stock options.
The founders did ok, the investors did great, the typical employee (I was not first but was in the first 100) pretty much got screwed.