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Please remember, I am not saying people should not be seen as important or valuable, or not get compensated fairly. I am very much advocating ALL of that. But,
by dustinmoris 7y ago
Please remember, I am not saying people should not be seen as important or valuable, or not get compensated fairly. I am very much advocating ALL of that. But, when it comes specifically about giving away ownership of one's business, then I think there must be a good reason to do just that, because just being a great employee and doing a good job is IMHO not a reason to give away ownership. That's two different things. Please I am all up for everyone getting paid great salaies, getting amazing perks and what not, but ownership of the business should not be easily given away like that.
- matthewmacleod 7y agoOwnership of the business is just a token of value that you control. If you can compensate everyone with adequate salaries—that means, higher than the equivalent at more stable companies—then that is totally fine. If not, then exchanging some of your control instead is a totally valid thing to do, and weird preconceptions about “your own blood and sweat” are just silly things to care about. Frankly higher salaries are my preferred option and one I would always push for, for both myself and others, if possible - equity is essentially valueless at an early stage anyway.