<story><title>How Wizards of the Coast distributed equity as a startup</title><url>http://www.peteradkison.com/blog-entry-3-wizards-of-the-coast-equity-distributions-part-2/?2</url></story><parent_chain></parent_chain><comment><author>alexose</author><text>The next generation of startups is going to have to address some employee equity problems, I think.  This notion that early hires are going to share a small piece of the 10% employee pool needs to stop.&lt;p&gt;Being employee #1 of a startup can be one of the worst positions a young developer can ask for.  Long hours, high stress, low job security, and for what?  0.5% of a company that, if it survives, will most likely dilute its shares?&lt;p&gt;A startup could really set itself apart by advertising more progressive structure-- One where shares in the company aren&amp;#x27;t treated like a lottery ticket, but an actual piece of value that is worth growing.  Too bad VCs don&amp;#x27;t see it that way.</text></comment>
<story><title>How Wizards of the Coast distributed equity as a startup</title><url>http://www.peteradkison.com/blog-entry-3-wizards-of-the-coast-equity-distributions-part-2/?2</url></story><parent_chain></parent_chain><comment><author>GeneralMayhem</author><text>This is a great story, and I&amp;#x27;m glad it worked out for them, but it&amp;#x27;s important to keep in mind that it&amp;#x27;s only one data point. This is exactly the sort of &amp;quot;I&amp;#x27;ll pay you in equity, and once my great idea makes it big you&amp;#x27;ll be rich!&amp;quot; approach that HN usually hates, because 99% of the time said payout never comes.</text></comment>