I personally think it’s better to struggle early on than to give away money like candies to founders with dubious businesses who will then trick gullible employees into thinking that these companies’ massive valuations mean anything. I kid you not one founder told me once my equity was safer in the company than liquidated and put in the SP500, when I inquired about tender opportunities.
I have vested equity (that I painfully exercised) in a “2020-era unicorn” that has been a complete zombie ever since. I wish they’d just go out of business for me to at least declare a capital loss on my taxes.
I just have myself to blame clearly, so just stating an opinion.
I have vested equity (that I painfully exercised) in a “2020-era unicorn” that has been a complete zombie ever since. I wish they’d just go out of business for me to at least declare a capital loss on my taxes.
I just have myself to blame clearly, so just stating an opinion.
3 years ago, VCs in Bay Area tech were thriving. Now, they're 'bleeding cash.' - https://news.ycombinator.com/item?id=42194832 - November 2024