Welcome back to Part 5 of "50 Ways to Mess Up Your Startup" so you can avoid them!
36. Assume that all employees are as motivated as you are, unless you motivate them the same way you are motivated.
37. Forget that common stock is worthless unless your exit is an IPO or a big multiple acquisition – and work for too little compensation – one former entrepreneur turned investor likened entrepreneurship (with common stock) to betting on the lottery. Studies show that founders do more for less than “hired CEOs”.
38. Forget to buy yourself preferred stock alongside your investors.....
Visit the
post for the rest of the tips, #39-#41 and a video with important details on how to get the best stock deal for founders!
