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tspike
on Dec 17, 2019
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Coders Programming Themselves Out of a Job (2018)
Two words: dilution and liquidity
This typically happens at big companies, though.
PopeDotNinja
on Dec 17, 2019
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Yes, and liquidation preference. A company can get sold for $1 billion and still have 20-percent-owning founders who get $0 from the sale.
chillacy
on Dec 17, 2019
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Being a startup employee is statistically just a bad deal, in terms of hours invested to equity out. Being a cofounder or advisor isn’t too bad.
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This typically happens at big companies, though.