Hacker News Reader

> The company I co-founded made a few million and I learned an expensive lesson in equity at age 18 (I opted instead for the $14/hr salary).

Don't feel bad; even if you got equity, your savvier business partner like would have found a way to devalue it. I once got "equity" in the form of 0.0001% of a 6-person non-VC-funded startup.

View on HN

Nah, I had an option to take 30% in lieu of salary. Was doing $3m/yr in profit. Equity isn't inherently evil.

Surely you were offered the 30% before the company was making £3m/yr in profit?

I think that's the parent's point.

Yes, isn't that the point of equity? I can do math

Reply on news.ycombinator.com