When To Consider Taking Shares In an IT Company? 315
pgpark writes "I've been working as a key resource for a small IT consulting firm in the US. While the job has been interesting and the company's growth quite impressive over the last few years, it's been almost half a dozen years now and being ready for something new, I was ready to quit for consulting. It looks like the CEO would prefer to see me stay, as she is offering me ten percent of shares in the company in exchange for five additional years of my services. So the big question for me now is 'should I stay or should I go now?' Have you guys on Slashdot ever been dealing with such a situation? What points would you consider in order to make your choice?"
Well (Score:4, Funny)
If you are low on toilet paper. Other than that, never.
Re:Ask for Revenue Sharing and Shares (Score:3, Funny)
That advice is worthless without
- ???
and
- Profit
Re:Ask for Revenue Sharing and Shares (Score:3, Funny)
I wish I did.
My shares were at least printed on nice soft paper, so I got some use out of them.
Too late (Score:5, Funny)
When To Consider Taking Shares In an IT Company ?
March 9, 2000. You missed it.
Re:Agree, talk with a lawyer (Score:5, Funny)
Yeah, I gotta call BS on this one. The lawyers "agreed she had a valid claim", but it would cost her $50,000 in legal fees so it wasn't worth it? For $2,000,000? Let's see, $50K from $2 mil leaves... 1.95 MILLION DOLLARS! I guess the lawyers didn't want the money either? Give me a break.
What the poster didn't tell us is that she used to work for the Undersecretary of the Oil Ministry of Nigeria, and she was to be given the options for her assistance in helping move TWO MILLION DOLLARS overseas, for which she merely had to advance the small sum of $50,000.
It was all legal, of course, as long as it remained in strictest confidence.
Re:Ask for Revenue Sharing and Shares (Score:2, Funny)
Ah, I see you took the stock options at Sun as well!
Re:Equity is much more complicated (Score:2, Funny)
It has little to do with the ability to code and a lot to do with being an expert in a field where you can easily get narrowed vision.
Re:Equity is much more complicated (Score:1, Funny)
This is just an observation after dealing with programmers for most of my career.
Let me guess, your career involves entering numbers into spreadsheets and really important meetings.
It's easier to resent someone if they have a point.
Re:Minefield (Score:3, Funny)
Mod parent up - all points are correct and concise.
Well, duh--do you think someone gets to be the Emperor of Canada by messing round?