3 ms·
This goes back way further than startups. I believe Marx and Engels had some thoughts about this.
by journalctl 7y ago
This goes back way further than startups. I believe Marx and Engels had some thoughts about this.
- xiphias2 7y agoThe problem here is that startup employees have a combination of high risk with low expected reward compared to big company employees. It doesn't make sense to be a startup non-founder employee nowdays.
- justapassenger 7y ago> It doesn't make sense to be a startup non-founder employeenowdays. TBH, it never really made sense. There were few lucky shots and tens of thousands of sad stories.
- xiphias2 7y agoYou're right, but it's much better documented now that people can read the stories on the internet, and I'm still not seeing the shift to equal term sheets for employees and investors. Also employees have higer risk than investors, so in theory they should get better terms, they just don't have the negotiating power.
- journalctl 7y agoSeriously, screwing over workers and keeping the rich rich is yet another thing that Silicon Valley likes to think it invented, but this is, in fact, not new.