soldergenie
Joined 11 years ago
Joined 11 years ago
Employee's generally don't have that type of protection, and the liquidation preferences also decrease the value of the common shares after a down round. So even with a relatively modest decline in overall valuations, a lot of employees are going to end up with worthless options/shares after a down round.
That is the big problem with telecommuting for me - it seems hard to find companies which are willing to pay silicon valley level salaries to people living outside silicon valley, and if you take a pay cut, the savings in rent diminishes drastically.
I suppose it is different when you start in silicon valley and move elsewhere while staying in the same company, rather than just starting out elsewhere. But that is still an concern since your salary gets reset if you ever change companies without moving back to silicon valley.
However, you still need the FAQ to figure out that browser transport isn't supported
See https://groups.google.com/forum/#!topic/grpc-io/5Ic8MKgltwY