The implication is that workers get screwed by less-than-stellar IPOs, but who demands unreasonable valuations? Investors and VCs. The ones who actually make real money.
All in all, the Silicon Valley we-can-all-be-unicorns model is a pretty raw deal. So what if as an early employee you make $350,000 at the IPO? That's what, a down payment for a house in the Bay Area? Just don't let yourself get priced out by millionaires getting priced out by billionaires. And considering that any early employee is expected to pretty much always be working, that's basically overtime, with a tip.
People only put up with this pathetic excuse for an American Dream because they allow it.
All in all, the Silicon Valley we-can-all-be-unicorns model is a pretty raw deal. So what if as an early employee you make $350,000 at the IPO? That's what, a down payment for a house in the Bay Area? Just don't let yourself get priced out by millionaires getting priced out by billionaires. And considering that any early employee is expected to pretty much always be working, that's basically overtime, with a tip.
People only put up with this pathetic excuse for an American Dream because they allow it.