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This is standard now, so that the founder can buy a Tesla and a house and get focused on the long term to maximize the company without taking the first buyout.
by sbinthree 8y ago
This is standard now, so that the founder can buy a Tesla and a house and get focused on the long term to maximize the company without taking the first buyout. Employees job is to do the work, trust them to understand. Don't buy a Ferrari and you'll be fine.
- closeparen 8y agoNo one pays employees enough to buy houses; it’s pretty surprising that you don’t have to make a successful exit to earn that much as a founder.
- sbinthree 8y agoThe bottleneck to making more money isn't directly employees, it's leadership. Market wins.
- closeparen 8y agoThis would imply that EMs and Directors at bigger corporations are making that kind of money. Far as I can tell, they aren’t.
- greenyoda 8y agoDepends on where you live. There are lots of places in the U.S. where you can buy a house on a developer's salary. Not all startups are located in areas where the cost of real estate is ridiculously high.
- closeparen 8y agoWe’re talking about startups, it should be pretty clear what geography is implied. You can live in those places but getting VC funding in one of them is an anachronism if it’s possible at all.