4 ms·
This is a big topic with plenty to be said but to synthesize some concrete ways YC can eliminate the cons: - Raise equity ownership if possible. - Raise the 9
by seige 8y ago
This is a big topic with plenty to be said but to synthesize some concrete ways YC can eliminate the cons:
- Raise equity ownership if possible.
- Raise the 90 day option exercise period.
- Be pro-actively transparent about the financial math.
There is a counter argument here that more transparency could lead to morale issues but most mature EEs know that they are rolling a dice and upfront honesty works wonders. The worse thing for the eco-system is the feeling of getting duped.
- Ruthlessly support EEs in growing their careers.
If your hands are tied w.r.t giving financial upside, at least be a champion for personal growth for EEs. As a founder, you get tons of opportunity to receive mentorship. Send that elevator down, every time you get a chance to. YC can easily provide mentorship for EE cohort, if it can do it for Founders.