Loic Le Meur Blog: Tough times. Tough decisions.(loiclemeur.com)
loiclemeur.com
Loic Le Meur Blog: Tough times. Tough decisions.
http://www.loiclemeur.com/english/2008/10/tough-times-tou.html
2 comments
and so it starts.....
it must suck being laid off. You work a lot, maybe even underpaid, hoping to get something out of the stocks... then bam... you are dropped like hot potato.
used and thrown away, like a disposable razor, and almost for free. If you didn't work there for more than a year, then no stock options for you either.
hmmm... I wonder if in the future startups will be an attractive place to work for. The only people benefiting from start-ups are the founders, and VCs.
it must suck being laid off. You work a lot, maybe even underpaid, hoping to get something out of the stocks... then bam... you are dropped like hot potato.
used and thrown away, like a disposable razor, and almost for free. If you didn't work there for more than a year, then no stock options for you either.
hmmm... I wonder if in the future startups will be an attractive place to work for. The only people benefiting from start-ups are the founders, and VCs.
If so, start your startup and benefit.
Also, if it rips off people, there is a potential competetive advantage to deliver a better work-place, right?
Also, if it rips off people, there is a potential competetive advantage to deliver a better work-place, right?
This comment is going to get pounded, but it's a valid point: startups are speculative, and employees with pink slips don't have a lot of options to lock in the value they've created (private company stock: huge scam).
[TechCrunch answered my question for me --- 7 was ~1/3rd of the company, and they raised $6MM a few months ago --- at 180k fully loaded (optimistic), they're now burning ~$3MM/yr, with probably a 1.5 year runway without significant revenue. Sound sane?]