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Equity is not a replacement for salary for non-founders. It can't be. It can only be a "bonus". If its being sold to you as anything else, they're lying to y
by CapitalistCartr 10y ago
Equity is not a replacement for salary for non-founders. It can't be. It can only be a "bonus". If its being sold to you as anything else, they're lying to you, and probably themselves.
- cloudjacker 10y agoexcept you're the one looking for a job
- vkou 10y agoJobs aren't created out of the largess of your employer. Your employer's also the one looking for a talented employee.
- arcanus 10y ago> Your employer's also the one looking for a talented employee. This, 1000 times. How can it be 2016 and we are still having this discussion? Particularly with the group on HN, who are generally speaking extremely valuable and highly trained. If you do not bring value to your employer, you will be fired. That might be a highly liquid, difficult to characterize value, but it is undeniably a value-add.
- arkitaip 10y agoEven on HN people like to see themselves as brilliant billionaires in the making.
- cloudjacker 10y agoWe are talking about the hiring process here, being selected at all, how your financial prowess doesn't jive with the culture fit doctrine.
- CalChris 10y agoBeg to differ. I (gladly) worked for considerably less than market rate (while still not starving) for stock. I'd do that again and I'd offer it. Yeah, I was committed. Getting paid market rate and getting an option, done that too. It was a paycheck and a lottery ticket. Much less committed.
- kobeya 10y agoThat's great if you want to restrict your talent pool to college drop outs with no living costs or dependants.
- Dylan16807 10y agoYou know there is a large gap between a living wage and a typical software wage, right? If the wage discount is less than that, there is no restriction to who can take the job, despite dependents. (Whether they should accept such a tradeoff is a different issue.)