When To Consider Taking Shares In an IT Company?

Posted by timothy on Thursday January 29, 2009 @11:50AM from the opportunity-costs-and-the-time-value-of-time dept.

pgpark writes "I've been working as a key resource for a small IT consulting firm in the US. While the job has been interesting and the company's growth quite impressive over the last few years, it's been almost half a dozen years now and being ready for something new, I was ready to quit for consulting. It looks like the CEO would prefer to see me stay, as she is offering me ten percent of shares in the company in exchange for five additional years of my services. So the big question for me now is 'should I stay or should I go now?' Have you guys on Slashdot ever been dealing with such a situation? What points would you consider in order to make your choice?"

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Re:Agree, talk with a lawyer by plover · 2009-01-29 15:29 · Score: 5, Funny

Yeah, I gotta call BS on this one. The lawyers "agreed she had a valid claim", but it would cost her $50,000 in legal fees so it wasn't worth it? For $2,000,000? Let's see, $50K from $2 mil leaves... 1.95 MILLION DOLLARS! I guess the lawyers didn't want the money either? Give me a break.
What the poster didn't tell us is that she used to work for the Undersecretary of the Oil Ministry of Nigeria, and she was to be given the options for her assistance in helping move TWO MILLION DOLLARS overseas, for which she merely had to advance the small sum of $50,000.
It was all legal, of course, as long as it remained in strictest confidence.

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John