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> Someone whose incentives are tightly aligned with the business is going to solve the actual problem and simply and effectively as possible. Equity is the ent
by bob1029 3y ago
> Someone whose incentives are tightly aligned with the business is going to solve the actual problem and simply and effectively as possible.
Equity is the entirely the answer for cutting through all the bullshit. At least in my head. I don't know how it plays in other people's minds but mine sounds like: "If we ship and go live, I get x% of all profit moving forward in my personal scrooge mcduck money bin". Pretty big carrot. It's kind of like time share in my own personal business, but I don't have much of the headache that goes along with running my own 100%.
This has some caveats, namely that equity in a 10k person org is often times not nearly as meaningful as equity in a 10 person org. Shipping your code 2 weeks early at Ford or Dell means what, exactly? If the code you are shipping is the business, then things are different. It also really helps if you care about the problem you are solving.
I'd say this - if the idea of direct equity/ownership doesn't get you excited about pushing simple & robust techniques, then you are completely in the wrong place. You should probably find a different problem space or industry to work in. Hollywood might be a better option if the notion of equity or straight ownership in the business still isn't enough to put your tech ego into a box.
- ThalesX 3y agoI have a little bit of equity in the company that I work for now. It's super small and early stage, and still between me and the product decision there exists a Designer that reports to a CTO that reports to a CEO. For everything that I want to see done differently, I have to make a case that convinces all these stakeholders that it's the right way. Ultimately, equity or not, my job is to row the ship where the cap'n tells me.
- TuringNYC 3y ago>> Equity is the entirely the answer for cutting through all the bullshit. I agree for small companies which are largely founder owned. I think outside of that, Equity doesnt do much because so much effort is put into obfuscating the value/share of the equity. If you cant see the cap table, and you cant see the preference overhang, the equity is as good as worth zero. There is no discernable value for a fraction with no denominator.
- smfjaw 3y agoEquity is the answer, I work in investment banking and we all get a share of firm profits, I'll often sideline small projects in favour of projects that I think will be more valuable to the org and increase my/our pay cheque come bonus time