this post was submitted on 05 May 2025
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Work Reform

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[–] Madzielle@lemmy.dbzer0.com 3 points 5 hours ago (1 children)

It works a little different for employee owned companies, but you've the right spirit. This company grew from about 1972 on- a long, successful legacy. Shame to watch it fall

[–] Critical_Thinker@lemm.ee 2 points 4 hours ago* (last edited 4 hours ago)

Yeah, the nuance is kind of nuts but i've got a relative who had and lost about 5m. Could have cashed out at the 5m number but didn't. Got about 40k at the end of all of it.

Numerous friends who went into startups have somewhat similar things, but few had that much equity available for sale at any time.