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Short version: Convince great software developers to work mostly for stock options ($150K for 3 employees) and “harass [them] into programming day and night,“ w
by dyoder 11y ago
Short version: Convince great software developers to work mostly for stock options ($150K for 3 employees) and “harass [them] into programming day and night,“ while selling promises that they will need to back up with working software.
Not an original strategy.
- FLUX-YOU 11y agoNah hold up, I haven't heard this one before: >You just have to believe in yourself against all reasonable logic, as trite as that sounds.
- woah 11y agoHey, that's what I thought too, but you do need someone to sell customers and investors on the concept. Also it sounds like he had a huge product and project management role as well.
- djsumdog 11y agoThe amount of risks everyone in this story took is pretty psychopathic. It's not sane, but those are the people who make it big. Those are the people we reward. Those are the people who get away free when the entire mortgage industry collapsed in 2008. ...and for everyone one of these success stories, there are probably 8, 10...12 or more stories of people who totally failed and ended up with $200k in debt still paying it off from failed startups. There's a side not talking about on Hacker News and it needs to be.