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All things being equal between this theoretical opportunity and another with a more attractive compensation structure, no. If I believed that there was a longe

All things being equal between this theoretical opportunity and another with a more attractive compensation structure, no. If I believed that there was a longer term value to the equity that could make up for the shortfall in cash compensation, maybe. But, the specific case you've laid out leads me to believe that there isn't significant growth potential in this business. Am I interpreting that wrong?

lsc 16y ago
>But, the specific case you've laid out leads me to believe that there isn't significant growth potential in this business. Am I interpreting that wrong? It depends on what you call 'significant' - If we did everything right, we could be bigger than slicehost and linode. Now, it's a long ways from here to there, and the competition is tough, but that's the market. My thought is just that, well, I've only managed to get this to a "it supports me and only me" level, and while I think we can sustain 10%+ growth a month if we don't screw it up (we sustain 10%+ growth on months when we don't screw it up, and I strongly believe that if we quit screwing it up, we could sustainability grow at that level for quite some time.) I'd like the option of continuing even if we only end up with 30% a year growth, you know? because we do screw it up. I went three months without adding new servers (I'm slowly working through the waiting list right now) not only did I loose a bunch of revenue, I hurt my reputation. I Look like some kind of amateur. edit: I think part of what you are hearing is that I don't show "business guy" confidence in places where my customers will see me. (Nerds, as a general rule, hate that shit. Talking big means nothing. Show me.) Obviously, I think the thing has potential for growth. I'm living off $30K year when I could fairly easily be making 4x that working for someone else. I mean, the business guy promoting this would have said we could go after amazon. (which, I admit, is something of a stretch; at a minimum we'd need a giant wad of investment capital.) But my real question here was this: If your time is worth $130K per year, and the company is valued at $200K (and you assume that's a fair valuation) are you going to go work for that company for a year for $30K plus 5% of the company (valued at $10K)? I mean, I guess you can take issue with the valuation. (I mean, I've refused to sell, more than once at what I think the market value of my company is. With this growth potential, I think it'd be stupid to sell at 1x earning) but still, this idea of giving a key employee 5% and expecting them to work for dramatically below market wages seems kinda silly unless you think you have 'emerging social network' valuations.

lsc 16y ago

>But, the specific case you've laid out leads me to believe that there isn't significant growth potential in this business. Am I interpreting that wrong? It depends on what you call 'significant' - If we did everything right, we could be bigger than slicehost and linode. Now, it's a long ways from here to there, and the competition is tough, but that's the market. My thought is just that, well, I've only managed to get this to a "it supports me and only me" level, and while I think we can sustain 10%+ growth a month if we don't screw it up (we sustain 10%+ growth on months when we don't screw it up, and I strongly believe that if we quit screwing it up, we could sustainability grow at that level for quite some time.) I'd like the option of continuing even if we only end up with 30% a year growth, you know? because we do screw it up. I went three months without adding new servers (I'm slowly working through the waiting list right now) not only did I loose a bunch of revenue, I hurt my reputation. I Look like some kind of amateur. edit: I think part of what you are hearing is that I don't show "business guy" confidence in places where my customers will see me. (Nerds, as a general rule, hate that shit. Talking big means nothing. Show me.) Obviously, I think the thing has potential for growth. I'm living off $30K year when I could fairly easily be making 4x that working for someone else. I mean, the business guy promoting this would have said we could go after amazon. (which, I admit, is something of a stretch; at a minimum we'd need a giant wad of investment capital.) But my real question here was this: If your time is worth $130K per year, and the company is valued at $200K (and you assume that's a fair valuation) are you going to go work for that company for a year for $30K plus 5% of the company (valued at $10K)? I mean, I guess you can take issue with the valuation. (I mean, I've refused to sell, more than once at what I think the market value of my company is. With this growth potential, I think it'd be stupid to sell at 1x earning) but still, this idea of giving a key employee 5% and expecting them to work for dramatically below market wages seems kinda silly unless you think you have 'emerging social network' valuations.