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My friends and I discuss this all the time. There are always people trying to get us (software engineers) to join various startups around town/country, but the
by nicholasjarnold 10y ago
My friends and I discuss this all the time. There are always people trying to get us (software engineers) to join various startups around town/country, but the comparatively low salaries coupled with the exceptionally low possibility that any offered/granted equity will be "worth it" some day leads almost all of us to follow more traditional routes with companies that can pay us today, not MAYBE tomorrow.
- eldavido 10y agoDevs seem to be realizing this, at least the ones I know (new thing). Seems the endgame's going to be higher equity grants. If VCs won't fund something unproven at 350/head and devs won't work for peanuts, higher equity grants seem the only option. I think it'll be just like Hollywood, in that projects are evaluated as much for who they've managed to recruit (e.g. a movie with Brad Pitt is fundable) as on other business fundamentals. It's striking how much of business views "labor" as ancillary to success. That might be true if you're running a pizza joint but it couldn't be farther from the truth building a software company, or making a movie.
- arcanus 10y ago> That might be true if you're running a pizza joint but it couldn't be farther from the truth building a software company, or making a movie. Or starting a medical practice Or starting a hedge fund Or starting a law firm It might be the most important thing for any new venture, across history. There is a good reason that the start of the story about Jason and the Golden Fleece describes assembling his crew of Argonauts.