In today’s Startup Therapy Podcast, Wil and Ryan talk about what happens when you leave your Startup. You can’t simply assume that you’ll still be compensated for the equity without continuously providing value to the company’s growth. It’s a simplified Math problem. If you don’t work, you don’t get paid. If you’re not adding value, you won’t be compensated.
Show Notes
In today’s Startup Therapy Podcast, Wil and Ryan talk about what happens when you leave your Startup. You can’t simply assume that you’ll still be compensated for the equity without continuously providing value to the company’s growth. It’s a simplified Math problem. If you don’t work, you don’t get paid. If you’re not adding value, you won’t be compensated.
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Resources:
What to Listen For
- 00:00 Intro
- 00:49 People that are earning but aren't’ present
- 03:46 The absentee landlord
- 07:39 Founders didn’t realize they have an option
- 10:04 Doing the same work with less of an outcome
- 12:33 Equity is compensation
- 16:46 How can you get compensated for staying?
- 20:44 You continue to work to create value for the equity
- 23:57 You can’t be compensated for life if you leave
- 28:07 Can’t be compensated daily if you aren’t contributing daily
- 31:58 You’ve got two options
- 34:56 Typical when the company is raising money, it’s already running out of money
- 37:00 Your contribution depreciates as time passes
- 40:30 The compensation you get when you stay
What is Startup Therapy?
The "No BS" version of how startups are really built, taught by actual startup Founders who have lived through all of it. Hosts Wil Schroter and Ryan Rutan talk candidly about the intense struggles Founders face both personally and professionally as they try to turn their idea into something that will change the world.