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timdaub
@timdaub.eth
What will VCs do to counter the breaking of the social contract for people who work for equity? The entire "work at a startup, get rich" thing doesn't work out for many of the people because they get screwed in some way later on https://x.com/varunramg/status/1943797354114486547
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Pichi
@pichi
Many such cases sadly. Remember when Buzzfeed IPOed and their lock up ended? There was a glitch and many employees didn’t get their stock and the VCs all got theirs and sold. By the time the glitch was sorted out, the stock had cratered and they were left with nothing. It was brutal.
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