Filter through this and you'll find some good info on how options are structured and more general interesting info: https://bothsidesofthetable.com/tagged/startup-lessons
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Joining a startup
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A fact of life is that 90% of start ups fail,anyone who's studied business knows that.
Just bear that in mind and don't be surprised when the money runs out.
Not saying you shouldn't do it, just go in with your expectations set right.
90% of startups failI'm alright JackComment
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Originally posted by BlasterBates View PostA fact of life is that 90% of start ups fail,anyone who's studied business knows that.
Just bear that in mind and don't be surprised when the money runs out.
Not saying you shouldn't do it, just go in with your expectations set right.
90% of startups fail'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by northernladuk View PostThis. Not for me. We've had a number of people on here over the years taking shares as payment. The few times we've heard back it's not been good news.The greatest trick the devil ever pulled was convincing the world that he didn't existComment
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Originally posted by LondonManc View PostCorrect. It's something that would interest me two days a week if I had a T&M contract that filled 25-30 hours of a normal week. Or if they've got a 6 month contract for you at a price v shares mix that you're happy to take a chance on then go for it. If it doesn't work, think of it as having had a 6-monther at public sector ratesComment
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Originally posted by diseasex View Postnow I'm thinking that if they need my help and can't hire a permie, things might not be going so well for them. But who knows, I'll find out of thursday"You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by SueEllen View PostIf they can't hire a permie on a wage just above junior then they have funding problems.Comment
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Originally posted by Old Greg View PostOf course they have funding problems.
They get funding from a venture capitalist.
You just need to know how much funding they have and when you need to leave because "it's not for you". 😋"You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by SueEllen View PostNot all start ups do.
They get funding from a venture capitalist.
Most fail of course and the shares/options end up worthless; but if you hit it lucky and VCs come bounding in after a few years ..
https://companycheck.co.uk/company/0...ncial-accountsComment
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Always take the shares. The guy who painted the Facebook office for shares cashed out at £30m a few years ago if I recall⭐️ Gold Star ContractorComment
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