“Selling 7% of a mere startup idea for tens of thousands of dollars, mentorship from Silicon Valley royalty, and the contacts that come with it seems like a no-brainer proposition. No wonder the mostly young, fresh-eyed recruits are lining up for that deal. But that’s because they’re not reading the fine, implicit print.
That print isn’t in the contract, but rather in the indoctrination. You’re not just selling 7% of a startup idea, you’re selling, potentially, the next 10+ years of your life to a very particular startup paradigm. Are you sure you’re fully understanding the terms?” Read more
DHH Signal V. Noise 14 Mar 2017