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That's reasonable, but signalling this to a startup during hiring is going to be a negative. There are three kinds of capital they get to play with, cash, equit
by duped 1y ago
That's reasonable, but signalling this to a startup during hiring is going to be a negative. There are three kinds of capital they get to play with, cash, equity, and culture. Cash is the least pliable of the three to them, equity the least liquid, but culture is actually something they can control.
If you have a team full of people who are just there for the paycheck, the only thing that will keep them there is increasing the paycheck. Which startups can't do in a crunch.
- baq 1y agoCulture is smoke and mirrors. When investors say frog, founders jump and guess who gets the cultural shaft then. Better to be thinking in transactional terms from the get go especially in early startups, where majority of total comp is an illiquid call option.
- duped 1y agoI mean it's not smoke and mirrors, when I'm picking between jobs I'm strongly considering the people I'm spending 35-40% of my waking hours interacting with. If I cared solely about maximizing personal returns I wouldn't work for startups.
- mystraline 1y ago[dead]