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mikert89 15 hours ago

Quick equation:

1. is it an ai lab with a well know founder -> equity might be worth something

2. are you the CEO founder? -> equity might be worth something

3. are you a non CEO co founder? -> equity might be worth something, will probably be stolen from you

4. is the company a year or two from a certain IPO? equity might be worth something

5. all other cases likely zero

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apparent 8 hours ago | parent [-]

Seems like 3 is a bit pessimistic. After all, if there are 3 founders then that greatly decreases the chance that the CEO steals equity from the other 2 cofounders. The CEO generally wouldn't have > 50%, so the non-CEO co-founders could keep the CEO in check.

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jagged-chisel 3 hours ago | parent | next [-]

Seems accurate according to my experience. It’s the new investment banks in later rounds that cause it. Bigger investments, stronger guarantees, better preferences, and lack of understanding on the part of inexperienced founders, plus lack of power held by the employees options pool … recipe for “only the banks see any upside.”

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dnnddidiej 4 hours ago | parent | prev [-]

Is there even a CEO per-se in this situatuon?

	▲	deaux 3 hours ago \| parent [-]
		Depends on country and type of business entity. Some of them require one legal representative.