Founders, what will you never share publicly about your startup?
Be it about investors, co-founders, hires, freelancers, family, or yourself
Itachi777
Stealth
10 months ago
One thing.that founders will never share is about the different loopholes used by Indian startups when It comes to esops vesting. They have various tools to change strike price and make them worthless. Also while normal employees keep waiting for buybacks/IPO so that their paper wealth can turn real, founders have access to several secondary sales, so they keep raking in the money. Also most of them route their personal expenses through the company and then claim that they are taking 0 or very less salary to show their sacrifice. And expect employees to show the same sacrifice when it comes to hikes.
Itachi777
Stealth
10 months ago
Also another aspect that people don't notice is that an average startup employee takes more risk than a founder
1) startup employee needs to wait for IPO/buyback while founder gets secondary sales and employee esops can turn into worthless via different loopholes.
2) cost cutting me employees will always face the axe. Extremely rare for the founder to get axed.
3) when an employee gets laid off or startup fails, they will find a challenge to find other roles. But founder has better exit options - senior leadership in other startups, VC operator role, another startup, external consulting roles for startups/ new age ventures of established companies.
The founder takes less risk and get more reward than a startup employee imo.
Itachi777
Stealth
10 months ago
These are my observations while working at Yubi. I am sure people at other companies might have seen different experiences so don't let my exp paint the startup sector jobs badly
I bet none of them will share the amount of sheer will and determination it takes to build one. And most wouldn't start another startup again if they went back in time had they known it would've been this painful.
Itachi777
Stealth
10 months ago
?? What does this mean? HR sleeping with founders or founders who only do HR and laze around ?
chief
Student
10 months ago
I see where you are going. Nice 🫡. (Grammatically, it is Sleeping HR founders btw.)
Tech8
Stealth
10 months ago
HR 's sleeping with founders is also superb. Have heard so many stories of founders making hot college colleagues or girl friends HR into the business.
