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Above market salaries and also equity. We want to get the best people in the world, and I think YC equity is a pretty compelling thing to get. We're competing
by sama 11y ago
Above market salaries and also equity.
We want to get the best people in the world, and I think YC equity is a pretty compelling thing to get. We're competing against e.g. Google, and Google stock is also a pretty compelling thing to get!
- Geekette 11y agoGotcha. So this is more about getting brilliant minds in media res, as opposed to discovering fledgling great researchers of tomorrow. Good lure; YC equity is probably increasingly more compelling than Google's!
- siong1987 11y agoHow liquid YC equity is? I assume that by getting google stock, someone can sell them easily in the public market. But how does it work with YC equity?
- _sentient 11y agoProbably somewhat less liquid with far greater alpha.
- rch 11y agoSeems like an effective system-level path around tech-transfer and licensing headaches. Open inventions feed innovative companies and back into research. Well done.
- phkahler 11y agoYou could drop the equity and just locate somewhere with a lower cost of living as incentive. I vote for Detroit area ;-)
- raymondgh 11y agoYC equity is an incredible incentive, but it also encourages researchers to help YC startups succeed.