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Most people would prefer to be paid a good salary for doing good work, rather than uncertain lottery tickets and an obligation to understand how they work. I t
by ghiculescu 6y ago
Most people would prefer to be paid a good salary for doing good work, rather than uncertain lottery tickets and an obligation to understand how they work.
I think most companies would prefer to operate this way, too.
- bradlys 6y agoOnce companies start paying $500k-1mil/yr liquid - fine. But as it stands, I make a lot of money off those "uncertain" lottery tickets and demand a lot of them wherever I go.
- cosmodisk 6y agoThis is mostly a US only thing, outside of it there are very few places where this would even be an option.
- bradlys 6y agoSure but this company is headquartered and (mostly) founded in San Francisco. So... stock options from such a company would be standard as far as location go.
- disiplus 6y agoafaik zappier is mostly remote
- RA_Fisher 6y agoIt’s a very powerful way to align incentives. It results in a major reduction in political arguments and a major increase in productivity. It’s a long-term incentive, so it causes employees to take good risks for the customer even if they won’t be apparent today. Stock is literal ownership and it eases “ownership problems” proportionate to the meaningfulness of the expected value of the stock to the employeee-owner. It’s a powerful tool for increasing teamwork.
- momo_O 6y agoWhat stage are companies at when you get the lottery tickets? And by lottery tickets do you mean options or equity?
- specialist 6y agoSome of us want a fair share of the wealth we created.