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by lacker
5067 days ago
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That article has some dangerous inaccuracies. For example: If the first technical hire gets 1% while the CEO gets 5% and the other 94% has been set aside for employees and investors, and the CEO has been going without salary for a year already, well, that’s much more fair. Any startup that's keeping 94% of the stock for future employees plus investors has a serious problem. The CEO has very little incentive to continue working on the company, as opposed to either selling out early for a deal that gives special treatment to the CEO, or just directing resources from the company to himself. You don't want to work somewhere that the founder gave himself 5% of the company. |
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