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Get someone really young who wants responsibility and they may even work for next to nothing in exchange for big equity stakes in their projects – sort of a mod
by trotsky 16y ago
Get someone really young who wants responsibility and they may even work for next to nothing in exchange for big equity stakes in their projects – sort of a modified Y Combinator model.
It doesn't sound very gentlemanly to me to be rich enough that you've decided to open a business just to screw around (hence force referred to as "the club house") but to target employees that are young and dumb (tm) enough to accept little to no compensation while you drive your SL class into the office every day. If you can afford to pay a baseline wage but seek not to it's just a type of exploitation.
- wmf 16y agoI would assume these gentleman hackers are smart enough to realize that you don't use the same compensation structure for a maybe-profit company with no business model as for a for-profit startup. I hope Arrington is just speculating (incorrectly) in this case and these "gentlemen" aren't drastically underpaying their employees.
- trotsky 16y agoI think you're right, this is much more likely to just be an arrington-ism than anything else.