3 ms·
I always find it instructive to look at how the economics of an employer/client align with the economics of the contractor. Example: at mass-market product dev
by eldavido 10y ago
I always find it instructive to look at how the economics of an employer/client align with the economics of the contractor.
Example: at mass-market product development/distribution companies (Google, Apple, etc.), the big money will be made on a great product launch. In that kind of situation, you need to find a way to get some equity or some piece of the big launch. This -- big companies launching scaled platforms to lots of people -- is how the biggest fortunes are made in tech. I find these places aren't great for high-$ contracting because the economic incentives are so misaligned, all the way up to the CEO.
If, on the other hand, the business is some sort of intermediary, like a realtor / ad agency / investment bank, or uses an agency model (lots of cash comp, little equity value, big cash bonuses but nobody's building anything with stock/ownership) that might be a better place for a contractor because they have the cash to pay, but, I have to question whether that's going to make for a satisfying career.
Surprisingly, the older I get, the more I realize how much (1) the salary-optimization game (vs. being part of a big company/product/launch) is a sucker bet in tech and (2) so much of life is about relationships, network, and reputation. I guess it's different from person to person, but, still, I've done contracting and I'm not going back.