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submitted by TaseAFeminist4Jesus from self.LateStageCapitalism

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[–]TaseAFeminist4Jesus[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

I work as an accounting executive and I do own an equity share in the business. I insisted on that. (And no, it's not the Wendy's ESOP or whatever LOL.)

[–]1Icemonkey 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Well, I guess you’re not as much of a loser as you sounded like. What exactly is an accounting exec? Is that an overpaid bookkeeper, or are you a CPA? It’s a fair question. And by equity, do you mean it’s and employee owned company, or do you actually own a percentage of it, like 10% or more? For the record, I built and operated my first company from the ground up, over the course of 16 years. I bought my second company from its second owners, making me the third owner.

[–]TaseAFeminist4Jesus[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

No, I'm not a CPA but I went back and completed all of the requisite CPA coursework at night school about 10 years ago. Before that I supervised a team doing mobile app development, but it felt really bureaucratic and evil.

The company I work at isn't employee owned. It's owned by a large VC group, in which I received shares and options. Valuation of equity instruments is a difficult problem in both economics and accounting, but there is a certain slice of the pie that we get at the director level and above, and I wanted to have that.