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Apparently, I'm one of the people that would have given feedback on the original proposal :). > Some will say that we should be talking about equity, not cash
by boulos 1y ago
Apparently, I'm one of the people that would have given feedback on the original proposal :).
> Some will say that we should be talking about equity, not cash compensation.
I think of compensation as total compensation. It would be fine to say this is Oxide's salary model. And I think it's a fine choice.
It sounds like the equity grants are naturally variable, though I doubt it's just newer vs older employees:
> As for how equity is determined, it really deserves its own in-depth treatment, but in short, equity compensates for risk – and in a startup, risk reduces over time: the first employee takes much more risk than the hundredth.
Edit to add: I assume there aren't cash bonuses for salaried employees. (I've always found it a bit weird anyway, but it's not mentioned explicitly, and would seem against the ethos, too)
- bcantrill 1y agoWe have had cash bonuses but they are (wait for it?) uniform -- and they have been based on company-wide events.
- boulos 1y agoAlso reasonable! A little annoying though, since I find most people are better served by uniform paychecks, but I understand the celebratory aspect.
- steveklabnik 1y agoIt doesn't happen often enough for you to rely on it for budgeting, it's a nice surprise, not something that you think of as part of your regular compensation. (I've worked at places where your "bonus" was regular, until it wasn't: that did not go over well...)
- tonyarkles 1y agoThe first startup I worked at had a year-end bonus tied to meeting all of a list of company goals. The last year I was there, the list consisted of 3 engineering goals and 1 sales goal. We had around 25 engineers and 2 salespeople. We nailed the three engineering goals by about October. Sales didn’t hit their goal. No bonus for anyone. You want to build animosity in a company? I can’t think of a better way than that.
- boulos 1y agoOh, I failed to say annual bonuses. Actual, true bonuses make more sense that way.