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| My company sold for $100M and I got zilch – how can that be? (medium.com) | ||
| recommended by 1 user | 2019 | 644 points by rmason | fundraising & equity | original thread | | ||
| One user recommended this thread. What they said: |
| onlyrealcuzzo Oct 25, 2019 | on: Fair, the SoftBank-backed car startup, lays off 40% of… | context |
You almost always get nothing unless your startup IPOs, which historically is about ~0.01% of all seed-funded startups.
Even if the company sells privately, which does happen quite often, there's a liquidation preference so that investors usually get all of the money, leaving nothing for founders or employees.
Someone posted an excellent example of it today: https://news.ycombinator.com/item?id=21358531