4 ms·

Because founder wants to keep all the equity. Very few examples where early developers got share of success.

by themonk 15y ago

BerislavLopac 15y ago
But would they be willing to work for equity anyway? Where I live no developer would work without pay (or for a reduced salary) for a startup if they could (and they could, easily) find offshoring work paid much above average local salaries.
- raghava 15y ago
  > work without pay (or for a reduced salary) One needs to take into account the social context when discussing India. If a guy does not earn, even if he is working on curing cancer or educating the poorest of poor, he is considered a big-time loser and a bum. If there comes along a startup with a cloned idea wanting some people who can code for lesser salary, none in their right minds would choose it; because there are a million things that could go wrong and generally, people here are less honourable when it comes to financial matters#, and always have an eye on bigger cut in the pie. Lesser pay would not work. Equal, or even slightly higher pay compared to big IT shops, along with equity will work wonders. #Yes, I am generalizing, but that's the situation in a society ripe with a huge poor/middle class section wanting to make it big somehow and cross those barriers.
grimlck 15y ago
Is it really that different in silicon valley? The article states 1% as a laughably low number, but doesn't zuckerberg own nearly as much of facebook as all other employees combined? http://www.quora.com/Who-are-the-major-Facebook-shareholders-and-what-percentage-do-they-own http://www.quora.com/Who-are-the-major-Facebook-shareholders...
- dasil003 15y ago
  Seriously? Aside from the fact that Facebook hasn't been a startup for years, it's probably produced more millionaires (at least on paper) among its employees than the entirety of the Indian startup community.
  - themonk 15y ago
    Any India based startup employee here to say "yes, I am millionaire because I joined a startup as a developer". I am sure, I am not going to get more than couple of yes here. This is what the status of hacker community in India.

Because founder wants to keep all the equity. Very few examples where early developers got share of success.

by themonk 15y ago

Because founder wants to keep all the equity. Very few examples where early developers got share of success.

But would they be willing to work for equity anyway? Where I live no developer would work without pay (or for a reduced salary) for a startup if they could (and they could, easily) find offshoring work paid much above average local salaries.

raghava 15y ago
> work without pay (or for a reduced salary) One needs to take into account the social context when discussing India. If a guy does not earn, even if he is working on curing cancer or educating the poorest of poor, he is considered a big-time loser and a bum. If there comes along a startup with a cloned idea wanting some people who can code for lesser salary, none in their right minds would choose it; because there are a million things that could go wrong and generally, people here are less honourable when it comes to financial matters#, and always have an eye on bigger cut in the pie. Lesser pay would not work. Equal, or even slightly higher pay compared to big IT shops, along with equity will work wonders. #Yes, I am generalizing, but that's the situation in a society ripe with a huge poor/middle class section wanting to make it big somehow and cross those barriers.

grimlck 15y ago

Is it really that different in silicon valley? The article states 1% as a laughably low number, but doesn't zuckerberg own nearly as much of facebook as all other employees combined? http://www.quora.com/Who-are-the-major-Facebook-shareholders-and-what-percentage-do-they-own http://www.quora.com/Who-are-the-major-Facebook-shareholders...

dasil003 15y ago
Seriously? Aside from the fact that Facebook hasn't been a startup for years, it's probably produced more millionaires (at least on paper) among its employees than the entirety of the Indian startup community.
- themonk 15y ago
  Any India based startup employee here to say "yes, I am millionaire because I joined a startup as a developer". I am sure, I am not going to get more than couple of yes here. This is what the status of hacker community in India.