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It seems like an anachronism from the dot-com era when startup costs were much higher. I'm not even sure how that justified the situation then. Unless founders
by Timothee 15y ago
It seems like an anachronism from the dot-com era when startup costs were much higher.
I'm not even sure how that justified the situation then. Unless founders were to bring their own money.
Do you mean that in the sense that it's now much easier for a programmer to build their own stuff, thus they might as well work for themselves rather than getting tiny equity for someone else?
- cletus 15y agoMeaning the ability to raise money was a prerequisite in the dot-com era because without money you had nothing so your ability to raise money elevated you to founder. Now bootstrapping or a small amount of angel funding can go a long way so equity models (IMHO) need to evolve if startups want to attract top talent, especially considering a joB at Google could easily net you $200k+ in total comp (and far more than that for top talent) with far lower risk.