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Paul Graham has said that any company that hires you is, economically, acting as a proxy for the customer. The rate at which they value you (salary + equity + b
by applecore 13y ago
Paul Graham has said that any company that hires you is, economically, acting as a proxy for the customer. The rate at which they value you (salary + equity + bonus) is an attempt to estimate your value to their customers. As an engineer starting your own company, you're appealing their judgement and opting to be valued directly by users.
But wait! The venture capitalist that invests in you is also acting as a proxy, only for the limited partners. Can you appeal the venture capitalist's judgement and opt to be valued directly by investors, angels or otherwise?
- derefr 13y ago> Can you appeal the venture capitalist's judgement and opt to be valued directly by investors, angels or otherwise? This is what IPOs were supposed to be for, until Sarbanes-Oxley. They were like Kickstarters where the backer-rewards were equity! ;)