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by ffdjjjffjj 2053 days ago
Wait, so your investors lose money, your employees (probably just a few) got at most $80k, and you get to retire? I mean, congrats on the hustle, but I wouldn’t waste your time trying to make it look good for everyone else.
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We detached this subthread from https://news.ycombinator.com/item?id=25045906.

The employees got paid the wage they agreed on, too. How much more of the sale do you think they should have been given?
It seems very strange to me that their investors went "you know what.. its only money.. we'll take a loss so you can retire." Was there some caveat that prevented them from taking their share?

A VC leaving money on the table out of the goodness of their hearts just seems inexplicable.

If it don't make dollars it don't make sense.

The founder usually carries the majority of the risk as well.
You people really don’t understand the concept of risk do you
From what I've seen here in the past, this is true. The weak, oft-repeated argument is that employees also assume risk and yada, yada, yada, while completely ignoring the fact that the risk assumed by employees statistically insignificant when compared to the risk assumed by founders.