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The rational response when those receiving the message are not compensated with exactly the same, non-dilutive equity share class as founders, is explained in U
by yourapostasy 8y ago
The rational response when those receiving the message are not compensated with exactly the same, non-dilutive equity share class as founders, is explained in Urban Dictionary [1] from the Goodfellas movie [2]. Pay peanuts, get monkey effort. If KPI's were negotiated simultaneously with compensation, then perhaps there might be some more negotiating leverage equity between parties and a more honest appraisal and synchronization between goals and compensation, but standard practice is compensation is negotiated on a lagging basis compared to how often KPI's are established/modified.
The whole applicant's-must-book-sales-for-free schtick was so trashy they pulled it [3] once it came to light.
[1] https://www.urbandictionary.com/define.php?term=fuck%20you%20pay%20me https://www.urbandictionary.com/define.php?term=fuck%20you%2...
[2] https://www.youtube.com/watch?v=8L4HHPTiZN8 https://www.youtube.com/watch?v=8L4HHPTiZN8
[3] https://www.crowdfundinsider.com/2018/10/140531-digital-bank-revolut-takes-heat-for-clumsy-hiring-ploy-asking-applicants-to-source-200-new-accounts-to-be-considered/ https://www.crowdfundinsider.com/2018/10/140531-digital-bank...