Disclaimer: This piece is written anonymously. The names of a few particular companies are mentioned, but as common examples only.
This is a short write-up on things that I wish I'd known and considered before joining a private company (aka startup, aka unicorn in some cases). I'm not trying to make the case that you should never join a private company, but the power imbalance between founder and employee is extreme, and that potential candidates would
Your challenge, should you choose to accept it, involves building a storage service. The storage server is meant to store arbitrary data. You are to build a REST API (HTTP/1.1, or 2.0, your choice) that presents a data storage, and retrieval API.
Your environment runs on Ubuntu 16.04 in a Docker container as a non-root user. You are allowed to write to the current working directory.
You are to build your deliverable so that it extracts into the following layout:
JD Maturen, 2016/07/05, San Francisco, CA
As has been much discussed, stock options as used today are not a practical or reliable way of compensating employees of fast growing startups. With an often high strike price, a large tax burden on execution due to AMT, and a 90 day execution window after leaving the company many share options are left unexecuted.
There have been a variety of proposed modifications to how equity is distributed to address these issues for individual employees. However, there hasn't been much discussion of how these modifications will change overall ownership dynamics of startups. In this post we'll dive into the situation as it stands today where there is very near 100% equity loss when employees leave companies pre-exit and then we'll look at what would happen if there were instead a 0% loss rate.
What we'll see is that employees gain nearly 3-fold, while both founders and investors – particularly early investors – get dilute
| package main | |
| import ( | |
| "crypto/tls" | |
| "crypto/x509" | |
| "flag" | |
| "io/ioutil" | |
| "log" | |
| "net/http" | |
| ) |