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As he points out, most people feel that being treated fairly is the most important thing (this has more to do with not being demotivated by an unfair split than
by raganwald 15y ago
As he points out, most people feel that being treated fairly is the most important thing (this has more to do with not being demotivated by an unfair split than being motivated by the equity itself). The beauty of this kind of post is that once it achieves a certain level of notoriety, it automatically becomes “fair” in everyone’s mind.
For example a new employee comes on board. You explain, “We use the Joel method for allocating and vesting equity.” Oh! Great! That’s fair...
- sethg 15y agoI used to work for a startup, Kenan Systems, that was 100% owned by one of the founders. In 1999, Lucent bought Kenan Systems for over <dr-evil>one billion dollars</dr-evil>. Obviously, all the Kenan employees had understood from the time they were hired that they were not getting stock options, but there was still some grumbling about how they didn’t share in the jackpot. (Well, after the acquisition, we did get stock options... Lucent stock options... which, like the Kursk, went underwater and never resurfaced.)