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Maybe some do, but option grants, like salaries, are subject to supply and demand. The prevailing amounts are what they are because startups can successfully a
by gyardley 17y ago
Maybe some do, but option grants, like salaries, are subject to supply and demand. The prevailing amounts are what they are because startups can successfully acquire talent at them.
- JoeAltmaier 17y agoHave you tried lately? You can get any number of chumps willing to gamble. How about the really good ones?
- sokoloff 17y agoTo me that just means that there's a market rate for equity grants for chumps and a different (higher) market rate for "the really good ones".
- nostrademons 17y agoGiven the failure rate of most startups, and the general importance of hiring the right people (it was the #1 piece of advice that John Doerr gave to the Google founders), I'm not sure "successfully" is the right word. A lot of people are viewing the argument in moral terms. I wonder if it was meant as an economic argument: if you give your employees a chance at a big payout if you succeed, perhaps you'll have a better chance at succeeding.