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This reference is golden: "Post-traction companies can use the old numbers – you can’t. Your first two engineers? They’re just late founders. Treat them as suc
by juddlyon 15y ago
This reference is golden:
"Post-traction companies can use the old numbers – you can’t. Your first two engineers? They’re just late founders. Treat them as such. Expect as much."
Another point he addresses that rings true to me: programmer's motivation. I've made the mistake of throwing money at people when all they wanted was some more leeway to hack.
- Timothee 15y agoRegarding the equity, it's interesting to see how prevalent "ideas are worthless, execution is everything" is, while, when a company hires their first engineers, they're typically not far off from being just an idea. Still, the typical equity compensation is far from reflecting that.
- andrewflnr 15y agoIsn't equity just payment in advance for execution, though? It makes perfect sense to me.