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Curiously, we generally don't expect founders to show up with their own capital...
by sdenton4 5y ago
Curiously, we generally don't expect founders to show up with their own capital...
- ericd 5y agoThey typically do, actually. How do you think those initial formation and other legal fees get paid in most companies? And they’re usually working for free for a while (sometimes years) before the company is in a state where it can raise money by selling equity. Put those together, and the founders have frequently put in tens or hundreds of thousands of dollars into a company that was worth precisely $0 when they started.
- missedthecue 5y agoWhat? That's the standard model. Use your own funds to create an MVP, and use that MVP to raise outside capital. (no bank will give you a loan for an MVP)
- refurb 5y agoYeah we do. And they also tend to work for below market wages for years. Are workers willing to do that?
- minikites 5y agoWorkers have been working below market wages for decades. If wages had kept pace with productivity improvements and inflation, wages would be far higher today. Instead, the benefits of technology and other productivity improvements have all gone to the handful of people you relentlessly defend.
- refurb 5y agoWhat is a “below market wage”? The market wage is literally what people are paid. And why should average wages keep up with average productivity? You’d expect productivity gains to go to those who are more productive, no workers who productivity hasn’t changed.