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I completely agree with your Marxy leanings about asking people to work 80+ hours at below market salaries in exchange for promises of Sugar Candy Mountain. Bu
by iamelgringo 15y ago
I completely agree with your Marxy leanings about asking people to work 80+ hours at below market salaries in exchange for promises of Sugar Candy Mountain.
But, here's what I tell myself to rationalize those leanings away:
The wild card that Marx didn't account for was that employees in startups generally own a small piece of the company that they work for. That's the reason that employees in startups are willing to work 80+ hours a week.
Generally, those employees would be much better off financially working at a Java shop that paid more. But, startup employees tend to spin off and start their own startups. Having a front row seat in a startup, and learning from the founder's fails and wins is also worth something. Also chances are, you're probably not going to get to built stuff in Node, Haskell, Erlang, Python, etc... at BigCo. That's probably also worth a price differential to account for the risk involved in choosing "unproven" technologies.
Finally, there is a substantial risk that the startup you're working for is going to go belly up. And, the founders of the startup are generally making less per hour than you are. And, despite rumors to the contrary, the average startup in Silicon Valley works really, really hard to get funded. Many, many great companies are under capitalized right now. Everybody from the founders to the employees are working below market salaries with the hopes that some day the exit will pay off.
- smashing 15y agoI wonder what former employees of Skype would have to say about this, startup employees owning a piece of the company.
- iamelgringo 15y agoThere are such things as lawsuits against investors for breach of fiduciary duty to their shareholders. I suspect there might be a couple of those that come out of the Skype case.