The most likely exit for today's startups is a talent acquisition. In that event, would you rather be at an "undercapitalized" startup or an "overcapitalized" startup?
What's the difference? The "valuation" of a talent acquisition is about retaining talent. No matter what your shares are worth on paper, your outcome is going to be the same; if the paper itself doesn't say so, the retention grant will.
Why would a company do a "talent acquisition" at all if the best team members were immediately going to leave for a better upside elsewhere?
Similarly, if the outcome for the company is "talent acquisition", the outcome for an employee who leaves before that exit is probably zero.
Why would a company do a "talent acquisition" at all if the best team members were immediately going to leave for a better upside elsewhere?
Similarly, if the outcome for the company is "talent acquisition", the outcome for an employee who leaves before that exit is probably zero.