4 ms·
I'm pretty sure that $10/minute isn't hurting anyone working at a VC firm enough to matter. Maybe $10k/minute? A fine that was high enough to cause financial h
by codinghorror 14y ago
I'm pretty sure that $10/minute isn't hurting anyone working at a VC firm enough to matter. Maybe $10k/minute?
A fine that was high enough to cause financial harm would surely have other unanticipated effects.
- roel_v 14y agoWhat do people working at VC firms (as opposed to partners at VC firms) make? I don't think anywhere near enough to make paying a couple of hundred dollars per week just for showing up late negligible. E.g, http://www.wallstreetoasis.com/salary/venture-capital-compensation http://www.wallstreetoasis.com/salary/venture-capital-compen... lists 'analysts' and 'associates' at between 80 and 250k. Not the kind of money to light cigars with 20 dollar bills (certainly not in NYC).
- guiambros 14y agoThe key point is to cause pain. A fine high enough to hurt financially the person breaking the rules is one option (that's what governments usually do). Other good option is public embarrassment. I used the $1 fine for people late to meetings, but we also counted the number of times each one was fined, so there was an extra incentive to avoid.
- DanBC 14y agoBe careful the 'fine' (preventative) does not become a 'charge' (entitlement). "I've paid my dollar, so what if I'm late?" (As mentioned in that pop-economics book about the parents and the nursery.)