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If you invest in tech companies, try bringing in some tech experience. It might push your comfort level. It also might make you much more competitive. Let me k
by bconway 16y ago
If you invest in tech companies, try bringing in some tech experience. It might push your comfort level. It also might make you much more competitive.
Let me know when you're willing to take startup pay (real startup pay, not $100K instead of $130K). Most 50 year-olds that I talk to aren't.
- discreteevent 16y agoOk but what if someone with talent and experience will deliver you value worth three times "startup pay" but only wants twice it. I'm sure you would have no argument about hiring them as the economics speak for themselves. So hiring people based on whether they will accept exactly 1 x startup pay is a limiting tactic unless you believe that its not possible that talent and experience will actually deliver that much extra value to you - in which case there is no argument.
- nir 16y agoIf you're a startup with little cash looking for talent, you can either (a) offer co-founder level equity, (b) employ, perhaps remotely, people living where market rate is cheap or (c) hire someone at market rate for limited scope consulting work, hoping they produce enough value to be worth it. Unless your name is Steve Jobs, when you choose (d) hire someone for far below market and compensate them with employee level equity, you're basically looking for a sucker. Most engineers realize this way before they turn 50.
- maxawaytoolong 16y agoSince one can make 6 figs + equity at any of the hip startups in NYC, most 25 year olds won't, either... unless they are stupid.