Episode description
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:
- Startup Therapy Podcast
- https://www.startups.com/begin
- Join our Network of Top Founders
- Send an email to therapy@startups.com
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