1/18 Slide raises 50M on 500M valuation: http://www.csua.org/u/kiq
Notably, the money came from wall street investors, not the valley.
Also, we're hiring. -dans
\_ historically how many people actually get jobs/employees
via motd? my point is http://monster.com probably gives a better
hit ratio
\_ do sysadms get less/more options than developers?
\_ I'm not sure. Organizationally, the ops branch of the hierarchy
is parallel to dev. One thing that makes it hard to compare is
that our ops team is much smaller than our dev team. -dans
\_ half a billion? The crazy is strong.
\_ the real question is how much are you worth TODAY?
\_ It's all just paper money and AMT tax absent a liquidity event.
The direction this suggests we're headed in is more important
to me. -dans
\_ ok, you're hiring. How *competitive* are you wrt to stock
options now that you got more funding that'll dilute options?
\_ If you know enough to ask that, then you know that dilution
would be considered secret and subject to NDA. I have no
complaints, and I think it's still a good opportunity or I
wouldn't be promoting it. -dans
\_ alright let's say I join what % of ownership do I have,
0.00000001% for an engineer 2/3/4? What will that amount
to when it's acquired? 1/2 mil? 1 mil? 10 mil?
\_ Yes, I understand that. No company with half a clue would
disclose those numbers to you without making you sign an
NDA. If you're interested, send me a resume. -dans
\_ "... a fraction of a fraction of a fraction of a pie!"
\_ We can do better than the Richter Scales suggest.
-dans
\_ I would love to own 1/100th of 1% of GOOG.
\_ Um, did you just compare GOOG to Slide? It is
to laugh!
\_ No, I was replying to the person who said
that a fraction of a fraction of a percent
is a waste of time owning. Was that you?
Can you follow a conversation in English?
Heck, even 1/100th of 1% of Slide is worth
50k, which isn't chicken scratch.
\_ 50k isn't really much at all. If you are
working at a startup, putting everything
you've got into it, probably getting less
than market value for your work, AND
you win the IPO lottery (even at a good
company with smart people the odds are
against you) 50k is pretty pathetic. You
should be able to make that kind of money
by working those overtime hours on a
contracting gig over a year or so.
\_ This is good general advice, but several
points don't apply to Slide:
- Our salary and benefits are at or near
market (though we don't do 401k
matching).
- At this point, our odds of a successful
outcome are significantly better than
a typical startup.
- I would expect a new hire to get
appreciably more than 1/100th of a
point.
-dans
\_ Don't stomp my changes please.
\_ I didn't. -dans
\_ Unless you are one of those spoiled
rich kids that went to school on mommy
and daddies dime, your first $50k is
*huge*. It allowed me to pay off my
credit card debts, my student loans and
was most of my first down payment. Plus,
this company will be worth much more
if and when it goes public. Also, 1/100
of 1% is a very pessimistic number, it
is probably more like that amount per
year. -self made $M
\_ 50K is a lot of money. 50k on a
long (4 year vest?) high risk
bet that requires you to work 60+
hour weeks however is not a lot of
money. There are easier, faster,
and more reliable ways to make
50K in this industry. I'm not
saying that's what people at Slide
are going to get, I'm just saying
if that IS all you get if you spend
2-4 years taking a small startup
public then you got screwed.
\_ 50k on paper. It doesn't mean anything
unless it's liquid. -dans
\_ Actually it does, but unless you have
taken a lot of finance I cannot probably
explain it to you. A big change in your
real net worth is important though, even
if it is not liquid.
\_ It might matter to me in practice if,
e.g. I wanted to use my paper wealth
as leverage, but I've seen lots of
otherwise smart people get burned
trying and failing to do just that.
If you've experienced a big change in
your real net worth, how did you use
what you learned in your finance
classes to your advantage? -dans
\_ I could see this if, e.g. you were to
try to leverage your paper wealth,
but I have little interest in doing
so since I know many people who got
burned by trying and failing to do
so. Have you experienced a big
change in your real net worth? Did
you use what you learned in your
finance classes to your advantage?
-dans
\_ It should change your risk
profile and cause you to shift
investment assets to compensate
for the gain, to stay properly
diversified. In short. |
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