Subj : Re: 3.5 weeks to being la
To   : Weatherman
From : poindexter FORTRAN
Date : Mon Jul 18 2022 07:24:00

-=> Weatherman wrote to Gamgee <=-


 We> Back in the late 90s, some of my work friends decided to take jobs in
 We> the .com (stock options with no pay) mess.  They kept telling me I
 We> should do the same thing.  I saw the writing on the wall it would never
 We> last and would much rather stay with a lower paying, but very safe job
 We> with extremely high job security.

I never took a job with *no* salary, but you definitly saw places that paid 
under market rate with generous stock options.

If you start your own tech company, my advice is to configure your stock 
pool with help from a professional. One company I worked for paid me in 
stock to set up a server farm -- a handful of Linux boxes running 
Apache/Tomcat, a Sun box running Oracle, a DNS server and a corporate box 
running SAMBA and Sendmail/IMAP. Paid me in pre-funding stock, and after the 
company received their first round of funding, needed to do a 10-to-1 stock 
split; my shared ended up to be just over 2% of the company stock for 20-30 
hours of work.

The company ended up doing that slow burn thing - just enough revenues to 
keep above water, but never breaking out. They ended up getting bought by 
the company that the founders came from - they'd gotten rich on their stock 
deals 15 years earlier.

It's all about the timing, I suppose.


.... UNPRISON YOUR THINK RHINO
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