4 ms·
Is there a specific reason you exclude founders as employees? In the earliest phases of a company they're remarkably similar to "employees" in even like Series
by maerF0x0 4y ago
Is there a specific reason you exclude founders as employees? In the earliest phases of a company they're remarkably similar to "employees" in even like Series B companies... (save for ownership structure)
- WJW 4y agoYou say "save for ownership structure" like it isn't the most important thing in this case :) Because of their majority ownership, the power balance is very much different than with normal employees. It is typically not possible for employees to band together and fire a founder, but it is very possible for founders to fire employees. The risk assumed is also different: founders often put up significant chunks of their personal capital to get off the ground, but I have never heard of a startup employee being asked to put in extra money in order to get hired.