4 ms·
I'd argue that a startup, by its very definition, should be allowed free rein and not be subjected to the same laws that apply to the BMWs and Mercedes Benz-es
by yawboakye 6y ago
I'd argue that a startup, by its very definition, should be allowed free rein and not be subjected to the same laws that apply to the BMWs and Mercedes Benz-es of Germany (and Europe) at large. The benefits of working at a startup are enormous (owing to the opportunity to win equity/shares). It's only fair that there's an equally sized risk to go with it.
- BrendanCoughlan 6y agoDoes N26 actually give their employees equity? I don't know about them specifically, but allmost all German "startups" don't.
- deleted 6y ago[deleted]
- detaro 6y agoSince when is "startup" defined by "oppertunity to win shares"? And even if, equity is typically sold as a replacement for lower salary compared to expectations, not as a replacement for workers rights.
- BrendanCoughlan 6y agoI think an American reader would expect a startup to almost always offer equity, but it's a language/culture-issue. In English: startup, the: Early stage company with allegedly high growth potential offering equity instead of cash, based on the idea that will be a good deal if it really takes off. In German: Startup, das: Small tech-company, usually Berlin-based, hipster culture, offering coolness and alleged skill development instead of cash, also fruit baskets and tabletop football. Of course the glamour of a German Startup is heavily based on equivocation between those two concepts.
- detaro 6y agoIt's also a stages thing. Early employees is one thing, at 1500 employees though? For all employees?
- triceratops 6y ago> The benefits of working at a startup are enormous Not really. I joined a 200-300 person startup that had a successful exit. On average, I made the same annually as I would have at one of the bigcos. With extra risk.
- MatmaRex 6y agoGood one, but it looks like you need an /s on this board.