Any Startup millionaires in the forum or just bunch of sore losers on this forum..
10 replies (most recent on top)
@552, you are right. We need FANG-bangers more than ever. http://www.zerohedge.com/news/2015-11-10/if-it-wasnt-these-8-companies-market-would-be-down-2015
Apple, G and FB are in the Bay Area. That's a trillion dollar market cap right there. That's a shit ton of cash flow, they own eyeballs and advertising right now, 20 years from now do you really think anyone will be watching TV, the own the game. Hardware, software, content, you name it. They own digital. There is a mega economic ecosystem surrounding the three companies, thousands of companies living off bones A/G/FB throw them. Respect the Bay Area peeps, I live in So Cal, but the Bay Area is probably the best thing our country has to offer right now.
HAHAHA - OP, you f***ing nuts or what
Anonymous197967. You didn't answer my questions about the startup you are joining. Do you know the How well you know the answer to it will determine how lucky you are with the ipo game. Like I said, been there done that and had hit a few that upon d and or were acquire d, but only became I did my due diligence. 75% of startups fail with no acquisition. Or ipo.. Hopefully you aren't that naive thinking your startup statistically will ipo, especially if it's a first or second round funded startup only
Anonymous197967, it amazes me it amazes you. The gold rush never died in SF and won't anytime soon.
unicorns are dying! Janet, just say no to the rate hike. The world needs more on-demand kale smoothie delivery providers.
Cool IPO education replies to the post. Thanks.
What would be even more funny is if the young engineers were duped into taking a below market salary and benefits plan, in return for "pre-ipo" shares with the dream of hitting millions...without even knowing what round of funding the startup is in, what the current startup valuation is, how many rounds of funding they startup is planning to have, and what sort of pre-ipo share float there is total, and the total percentage of the OP's stock option grant versus outstanding shares. That's the oldest trick in the startup game to get naive young workers to work, while paying them less. Of course once they join the startup at a sub-market pay/salary, they'll grow quickly pissed of that some of their colleagues in that company are not only making more money then them, but actually making above market salary, for taking on the risk of being in a startup. The difference is that older folks know how the startup game works and won't take a salary cut for the dream of a magical IPO that statistically will not happen at an early stage startup.
It amazes me that young engineers are still so easily duped by the dream of hitting the IPO lottery. OP, let me ask. Did you do your due diligence and ask (1) what round of VC funding that the startup company is in? (2) If you're in an early stage startup, are your stock options granted to you with an anti-dilution clause (IE if they decide to get a 4th or 5th round of funding from VC's, they will issue more shares. Are yours going to dilute? (3) Who is backing the startup. KPM, Sequoia, or any of the well regarded tech VC's.? If you can't answer any of these questions. LOL. Joke is on you. I'd recommend you do your homework better next time.
HAHAHA. If you think you are going to hit the startup IPO lottery. Good luck. This is coming from somone that has
1) Worked at Qualcomm pre 1998 and left after 4 years of vesting
2) Going to the Bay Area and working 2 years at a startup that IPOed after working at 3 other ones that failed
3) Moving to an eCommerce startup that was sold for $250million that subsequently went bankrupt
4) Moving to another eCommerce startup that IPOed at $217/share when about 8 others went other
All in all, the biggest payout was still #1, Qualcomm employee pre-1998. Also, you are late. Bay Area is hitting peak, and most of the companies that have gone public already has. Once interest rates move up in December, we'll get that correction, and you can kiss those IPO dreams goodbye