3 ms·
Pros: - More autonomy - Less administrative overhead - More executive interaction - Higher percentage of superstar colleagues - Work is more fun - More br
by mathattack 8y ago
Pros:
- More autonomy
- Less administrative overhead
- More executive interaction
- Higher percentage of superstar colleagues
- Work is more fun
- More breadth of opportunity and interaction
Cons that YC can help with:
- Less formal training
- Less formal mentoring
- When things go South, the cuts are worse and you have less notice
(The above can be mitigated by offering training and mentoring for the entire community, and proactive in-community job placement when companies fold)
Cons that YC can’t help with:
- Higher volatility in financial outcomes
- Less predictable schedule and work-life balance
- Less brand awareness for your parents to brag about
- roguecoder 8y agoOne idea to reduce volatility in financial outcomes: offer equity in the YC fund itself in addition to the equity in individual companies. That would also give employees an incentive to support other employees in the cohort.
- snowmaker 8y agoWe've looked into that. It's hard to make the math work - when you slice up YC's equity into that many pieces, each piece becomes very small.
- roguecoder 8y agoWell, presumably you'd have to take (at least some of) the companies' option pools as well, but I'd believe that the math still doesn't work: that just reflects that the equity for employees is not a valuable deal in general.
- mathattack 8y agoOther options include pooling of benefits, and active job placement when things don’t work out. Pooled equity would have to come from the startups rather than YC. Instead of “for 6% you get 200K” it could be “for 10% you get 200K and an equal share in the pool of your class. Divide it amongst your employees as you want, though we suggest....” (Note: numbers are made up)