10 karma · joined February 15, 2012
I trust these guys since I've worked with them for a few years in another company. I understand that being a founder means that I have to be more involved in big decisions, but I don't see how being founders get access to profits that are not available to employees. Are profits not shared amongst shareholders equally?
Also, why do you believe shares and options are worthless? Isn't that what's worth something when company grows later?
2. Is the debt collector part actually true? I always thought debt collectors go after the corporate account and they will only come after your personal assets under very specific circumstances (such as if you haven't paid your employees). Do you have more information about this?
As for 5/6, even if I join as the first employee I will still give up a big fraction of my salary for equity. Assuming I want to do this for sure, is there any other risks/differences you can think of?