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It's not. And the moment employees collectively figure this out, founders won't have a choice anymore. Not if they want employees.
by sillysaurus3 9y ago
It's not. And the moment employees collectively figure this out, founders won't have a choice anymore. Not if they want employees.
- Nuzzerino 9y agoIt's not even necessarily up to the founders. In a VC-backed startup, the VCs make the call when it comes to compensation ranges. There is little diversity between companies on how that actually happens. We can pretend that it is a market equilibrium, but the analogy I would rather use is that of the medieval professional guilds, where prices were often rigged for the benefit of those at the top. I am not claiming that the VCs are evil, or even a necessary evil. I don't think they are evil nor necessary. I think that they may be very inefficient when it comes to providing for a healthy economy that benefits everyone and not just themselves. Hate the game, not the player.
- skgoa 9y agoYeah, but there seems to be an endless supply of startup success story fan employees ready to be exploited.