| ▲ | gcr 4 days ago |
| What if you’re a cofounder or founding engineer and the company hasn’t raised yet? |
|
| ▲ | jt2190 4 days ago | parent [-] |
| Unlike in the article where a contractor was promised payment and no payment was made, the cofounder here knows already that the company can’t pay until they raise funds, and has planned for this accordingly, by living off of personal savings or contract jobs. They also understand the risk they’ve taken on and are comfortable trading their time for possibly zero returns. |
| |
| ▲ | gcr 3 days ago | parent [-] | | Thank you. (FWIW it was an earnest question) | | |
| ▲ | jt2190 2 days ago | parent [-] | | You’re welcome! Cofounders and founding engineers just don’t talk enough about how they model the financial risk of investing in a high risk asset like a startup, and how they make sure that they’re not taking on more risk than they can personally manage if things don’t work out. Approaches will vary by person and personal circumstances, so it’s also helpful to know what constraints they’re working with (like needing to house and feed their family). |
|
|
