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The problem is when others take advantage of the highly skilled technical staff. We work at startups because of all the reasons you listed KNOWING FULL WELL tha
by dclowd9901 11y ago
The problem is when others take advantage of the highly skilled technical staff. We work at startups because of all the reasons you listed KNOWING FULL WELL that it may fold, or it may not net us that big payout. But if that pay day does come along, why is it OK for others to benefit from it at the expense of those who have spent that sweat equity?
You argue for the value of passion, but you're also inadvertently siding with people who have done nothing to contribute to the product aside from spreading risk by investing in it.
- AstroChimpHam 11y agoThose investors are trusting you with a lot of money. They put in seed money these days at $5m-$10m pre-money valuation. If any of my employees come in asking to trade $50k-$100k of salary for an extra percent of the company during the first year, I'm happy to make them that deal. After the founder who went a year getting paid negative money, the investor putting $1m in their dream and valuing it at $5m-$10m is taking the next highest amount of risk, and I have no problem with the reward they get in exchange.