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Not at all, it only seems that way to you because you have zero sense of what risk/reward actually means. Employees were paid for their value determined by the
by nxmnxm99 6y ago
Not at all, it only seems that way to you because you have zero sense of what risk/reward actually means. Employees were paid for their value determined by the market. Josh is just now being compensated for the immense amount of risk and deferred cash he gave up to build this company in the early days.
There's a reason the market doesn't compensate every early employee at a meh SaaS company with millions.
- hn_throwaway_99 6y ago> There's a reason the market doesn't compensate every early employee at a meh SaaS company with millions. And I think the primary reason is that many early engineers don't realize what a shitty deal they're getting. The purpose of this thread is to let them know that, so eventually startups won't be able to hire employees with such shitty terms.
- nxmnxm99 6y agoYeah, except that’s not how negotiations (or the market) works. Go have fun negotiating 3% equity deals and six figure salaries to write Go all day, I’ll hire a smarter engineer for half the price from Kiev or São Paulo.