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2nd Rate Poster fucked around with this message at 15:32 on Oct 27, 2013 |
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Dec 13, 2011 21:45
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Leperflesh posted:I don't understand how you can be "forced" to trade your shares for severance. Also, if the people laying you off knew that they were about to sell the company, and used that insider knowledge to trick you into selling or giving shares to them for a tiny value, that sure seems like illegal insider trading to me. Ultimately, what bothers me the most is being told one thing (product was a failure, company cutting its losses), and then turn out that is not actually the case SEC enforcement  .
2nd Rate Poster fucked around with this message at 21:59 on Dec 13, 2011 |
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Dec 13, 2011 21:57
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To the unvested shares question...it was a blanket form they had everyone sign. It was a contract that signed away any claims and stock, and in return you got your severance...I guess it was better then a swift boot.Shaggar.tar.gz posted:I know a lot of people who have been burnt so badly at startups. I know one guy who made a bit of cash but nothing you couldnt make at a corporate gig for a few years (which would be a lot less/work stress). Thats a lot of burnt people for one guy that did kinda ok (and he is at a pretty high profile place). Unless you're a founder and don't need external funding the odds are very much against you in my experience. There's exceptions for sure but they are exceptions. Wildly successful startups where even the cooks get rich are so very rare they make headlines across the world and are talked about for years after. I agree and knew that going in my shot at coming out with money was essentially zero. I was under the delusion that a startup would shield me from a lot of the typical corporate knifings, and that my efforts would be relatively rewarded. Instead my efforts just helped a couple really rich people get richer, while I took a pay cut and a doubled work load. Corporate gigs are the same, a few are enriched at the cost of a lot of work...but its not as overt or all consuming. 2nd Rate Poster fucked around with this message at 00:51 on Dec 14, 2011 |
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Dec 14, 2011 00:44
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