Nikhyl Singhal: belief

Transcript context

…As a founder listening to this, I bet you're like, "Damn, we don't want people leaving. This isn't the kind of message we want to hear." On the other hand, as an employee at a company, that is your advice, just generally recognize it and then you should probably leave as soon as possible because things are not going to work out for you. As an employee, I think you have almost no recourse because you almost have to start over in terms of it's a new four-year investment. I think that as a founder, you can recap your company. You can reset your stock price, you could reissue. You can make those hard decisions and you can maybe return some of the money to the board and still continue, or you can pull the plug and restart the company that maybe you really wanted to. But I think the founder is in a better position, but they also have a lot more to lose and far more constraints. But employees, they're not... If you listen to this and come to this conclusion, a lot of times, the listeners here, half or more of their compensation is an equity and we just concluded that most of their equity may not be worth anything. In which case, are you willing to take a half pay cut or work for 20% of what you can get on the market? My question is, that seems to be quite concerning, the opportunity cost is just too rich. An important variable in this framework/piece of advice is product market fit. This might be too big of a question, but just, what tells you that something might have not have product market fit when you're at a company like this? What are signs to you and smoke signals of like, "They may not have product market fit"?…

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