←back to thread

721 points hhs | 1 comments | | HN request time: 0.248s | source
Show context
remote_phone ◴[] No.22890410[source]
I hope they are letting the employees cash out at these rounds. Otherwise they will end up like Uber, Lyft and other unicorn employees that not only got screwed by the IPO, but the subsequent taxes because of that. I know many Uber employees that need to sell at these low prices just to pay taxes and their RSUs leaving them with very little actual gains.
replies(2): >>22891712 #>>22892568 #
bagacrap ◴[] No.22891712[source]
Are employees supposed to make gains on their equity based compensation when their company underperforms? Isn't this a risk you take when joining a startup? Thus far the only thing Uber has ever proved successful at, financially, was taking VC money. So it sounds like what you're asking for is that startup employees be allowed to siphon vc funds into their personal bank accts.
replies(2): >>22893589 #>>22905811 #
1. juped ◴[] No.22893589[source]
This is a ludicrous comment unless you believe that "employees" deserve to be second-class citizens. Lots of people cash out during funding rounds. It may be the status quo, but no one deserves their equity being a scam.