3 ms·

yeah you'd think they'd want the CEO to be able to 100% focus on their startup If for example the CEO's wife lost her job...$150K is suddenly not that much fo

• larrys 14y ago
  To me this is simply an attempt by Thiel to try and limit CEO's to a) ramen hungry founders or b) founders who already have money to live on c) founders without family obligations that can dedicate themselves 100% to the startup. Using the fact that money spoils (not denying that it could be true for some people) is just a red herring. I know many people who could retire and still work 6 or 7 days a week for the challenge. Some people who win the "lottery" lottery quit their jobs. And some continue to work. This reminds me of a story that a small business owner told me many years ago. He said in his business he preferred to have Puerto Ricans work in his warehouse. But he couldn't advertise and say "looking for Puerto Ricans" for bias reasons. So he told me that he simply put in the advertisement "must speak spanish" and that got him exactly what he was looking for.
  • philwelch 14y ago
    Maybe we should take up a collection for the poor, impoverished startup CEO's who only earn $150,000 a year. That's only three times the median household (not individual) income. How do they get by!?
• philwelch 14y ago
  What if the CEO lost his job? (That's the typical outcome for funded startups--they fail, and everyone involved loses their jobs.) If you can't handle that, you need a more reliable career than "startup CEO".