> A $100M company takes years to build. You think in 2020, if these guys walk away from the table with $400k each for ~20 hours of work they did in 2015, that's reasonable?
Yes?
It's a lottery ticket with less than a million-to-one odds. The expected value of the hypothetical payout is arguably lower than 20 hours of contract work.
Ok -- at 40 bps per 20 hours, assuming that their total stake is ~12% (there's 8 of them dividing the whole pie) their vesting schedule is a little short of four months.
There's a lot of big talk on HN about being a tough guy negotiator, earning your keep in this harsh Darwinian landscape, looking out for number one, etc. I'd like to meet the person who's negotiated a 4 month vesting schedule with no cliff.
Once you put actual numbers to the proposition, it's instantly obvious that these badass negotiators are suddenly full of shit. Reminds me of being elementary school recess, where everyone's dad was the strongest man in the world, and this one time he picked up a car and lifted it over his head.
Yes?
It's a lottery ticket with less than a million-to-one odds. The expected value of the hypothetical payout is arguably lower than 20 hours of contract work.