"Silicon Valley's [worst] kept secret: [Loyalty will not be rewarded]"
The fact remains that sweat-equity deals rarely work out in a founding employees favor.
i. IP selloff to umbrella firm for $10
ii. contract restructuring or share dilution
iii. jettisoned from a company months before an IPO
Most techs have seen all of these events unfold... if you are around long enough.
People always have their own strategic truths once significant money is on the table. Even moderate success can destroy peoples memory, and anything not legally watertight is just hot air.
The fact remains that sweat-equity deals rarely work out in a founding employees favor.
i. IP selloff to umbrella firm for $10
ii. contract restructuring or share dilution
iii. jettisoned from a company months before an IPO
Most techs have seen all of these events unfold... if you are around long enough.
People always have their own strategic truths once significant money is on the table. Even moderate success can destroy peoples memory, and anything not legally watertight is just hot air.
Best of luck, =3