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True, but you don't have anything a big company doesn't have, or can't have. Therefore, to differentiate yourself from your talent going to FAANG, you need to p
by shamino 8y ago
True, but you don't have anything a big company doesn't have, or can't have. Therefore, to differentiate yourself from your talent going to FAANG, you need to provide more equity to early employees than what is the status quo. They joined your startup for risk, and your rewards need to match up with that risk. A large company has professional development, a great lifestyle, and mentorship. What they don't have is huge upside if there is a huge exit, and the early employee at a startup needs to capture that.
- warcher 8y agoPeople think they want the equity but they absolutely do not. They may want something for nothing, certainly plenty of folks are interested in that, but you don’t really understand the devils bargain until you’ve made it. I know what I’m doing. Been at it for years. It works for everybody. There are so many people who deserve a shot but will never get one, if you’re willing to dig and develop there is no shortage.