3 ms·
18F is another money grab. A bunch of SV people said to themselves, here is an easy few years to make money and if nothing comes of it we can say "Ah well start
by ProAm 10y ago
18F is another money grab. A bunch of SV people said to themselves, here is an easy few years to make money and if nothing comes of it we can say "Ah well start up culture...lol". I never had high hopes of this, it's sad that it was touted as a startup. 99% of start ups fail over the course of 5 years....
- wpietri 10y agoIf it's a money grab, it's a badly designed one. I interviewed with 18F and would have had to take a pay cut even on a cash basis. (Government salaries are strictly limited by law.) They certainly don't give stock, and (gasp) you have to buy your own meals. So financially it's not a good deal at all.
- jldugger 10y agoAnd they're _still_ not breaking even.
- em3rgent0rdr 10y agono risk and guaranteed but limited salary...not great incentivization.
- wpietri 10y agoThey're looking for people with a different motivation than maximizing personal profit. The people I talked to there were motivated by public service, solving big problems, and getting shit done.
- NoGravitas 10y agoIf the hours are likewise limited, that can be a valuable benefit for some people.