4 ms·

Is it bad to be a 9 to 5 executive? That sounds great from the perspective of the people working there, because then there isn't a culture of overwork.

by MsMowz 9y ago

0xbear 9y ago
It kind of is if you demand more than that from everyone else. A peon is killing himself for 0.5% equity while you’re sitting pretty on a 40% stake. It’s not like people are dumb or blind.
- wolco 9y ago
  Hopefully you have a salary you are happy with. If you decided to take .5% instead of money you are are betting on the company, at 40% the CEO is putting a bigger bet. The success of the company is something they are responsible for and if it fails it direct affects them and their career prospects. A failed company doesn't reflect badly on a developer and does not follow them into interviews.
  - 0xbear 9y ago
    My stake is considerably larger than that. It’s what we’re offering to a great new hire. Guys in their mid 20’s, super talented, but nevertheless don’t have a clue. And enough with this “making a bet” bullshit. Founders aren’t betting their own money, and they are getting paid considerable salaries for their work. IOW they aren’t risking anything. Not even opportunity cost.
    - danenania 9y ago
      Most founders work very hard (without pay) for a long time before getting funded/profitable--if they ever get funded/profitable. Most of their 'reward' comes down to taking this risk, and it definitely has a high opportunity cost.
    - Scea91 9y ago
      I wonder why you are not a founder then if it is such a win-win situation as you paint it?
      - 0xbear 9y ago
        We’re not long time pals with the CEO, like they are with CTO. The company is basically built on my work, and will die if I leave.
        in_hindsight 9y ago
        Just found your own company if it’s a win/win life/work balance-wise
        tasuki 9y ago
        You don't sound like you're happy there. Perhaps you should consider leaving.
- in_hindsight 9y ago
  CxO may not be paid salary at all or even finance the whole thing from their personal resources

Is it bad to be a 9 to 5 executive? That sounds great from the perspective of the people working there, because then there isn't a culture of overwork.

by MsMowz 9y ago

Is it bad to be a 9 to 5 executive? That sounds great from the perspective of the people working there, because then there isn't a culture of overwork.

0xbear 9y ago

It kind of is if you demand more than that from everyone else. A peon is killing himself for 0.5% equity while you’re sitting pretty on a 40% stake. It’s not like people are dumb or blind.

wolco 9y ago
Hopefully you have a salary you are happy with. If you decided to take .5% instead of money you are are betting on the company, at 40% the CEO is putting a bigger bet. The success of the company is something they are responsible for and if it fails it direct affects them and their career prospects. A failed company doesn't reflect badly on a developer and does not follow them into interviews.
- 0xbear 9y ago
  My stake is considerably larger than that. It’s what we’re offering to a great new hire. Guys in their mid 20’s, super talented, but nevertheless don’t have a clue. And enough with this “making a bet” bullshit. Founders aren’t betting their own money, and they are getting paid considerable salaries for their work. IOW they aren’t risking anything. Not even opportunity cost.
  - danenania 9y ago
    Most founders work very hard (without pay) for a long time before getting funded/profitable--if they ever get funded/profitable. Most of their 'reward' comes down to taking this risk, and it definitely has a high opportunity cost.
  - Scea91 9y ago
    I wonder why you are not a founder then if it is such a win-win situation as you paint it?
    - 0xbear 9y ago
      We’re not long time pals with the CEO, like they are with CTO. The company is basically built on my work, and will die if I leave.
      - in_hindsight 9y ago
        Just found your own company if it’s a win/win life/work balance-wise
      - tasuki 9y ago
        You don't sound like you're happy there. Perhaps you should consider leaving.
in_hindsight 9y ago
CxO may not be paid salary at all or even finance the whole thing from their personal resources