Startup company stocks3/10/2023 ![]() ![]() The most common equity vehicle, especially at early-stage startups, is the stock option. The deal is sweetened with equity - an ownership stake that can mint millions. Working at a startup usually requires taking a salary cut. The real deal with startup stock options It also applies to startup employees who make a ton of paper gains and have a hard time coming up with real money to keep them. ![]() “Golden handcuffs” is most often used to describe the inertia experienced by big tech employees who make a ton of money and have a hard time leaving. ![]() Golden handcuffsįor all the talk around “disruption”, startups exert a surprising inertia over employees. I hope it can save you from burning piles of money like I did. Here’s everything I wish I knew before I joined a startup. There’s surprisingly little coverage on this topic, maybe because nobody is incentivized to reveal the unsavory truth, or because VCs and founders get a lot more airtime. This is the story of why I had to pay $300K to unshackle myself. I was an early employee at a hyper-growth startup.
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