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Reminds me of what PG wrote in his 2004 essay: (snippet) ---- FROM: http://www.paulgraham.com/bubble.html http://www.paulgraham.com/bubble.html "What makes th
by jjm 15y ago
Reminds me of what PG wrote in his 2004 essay: (snippet)
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FROM: http://www.paulgraham.com/bubble.html http://www.paulgraham.com/bubble.html
"What makes the nerds rich, usually, is stock options. Now there are moves afoot to make it harder for companies to grant options. To the extent there's some genuine accounting abuse going on, by all means correct it. But don't kill the golden goose. Equity is the fuel that drives technical innovation.
Options are a good idea because (a) they're fair, and (b) they work. Someone who goes to work for a company is (one hopes) adding to its value, and it's only fair to give them a share of it. And as a purely practical measure, people work a lot harder when they have options. I've seen that first hand."
The rest of the section is fantastic, go read it.
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