2 ms·
If you don't think your equity stake is going to be worth enough (company isn't growing fast) then it makes sense to jump to another company after your first ve
by silverlake 13y ago
If you don't think your equity stake is going to be worth enough (company isn't growing fast) then it makes sense to jump to another company after your first vesting. You are collecting lottery tickets from a bunch of startups. And I find it ironic that everyone on the board is obsessed with money, but somehow it's bad form for employees!
Honestly, which company has a mission that motivates employees to stay despite lower pay and negligible equity? Khan Academy has a mission, the rest of SV is nonsense hoping to get lucky.
- DanielRibeiro 13y agoI'm pretty sure Tom Preston Warner (in particular) would disagree with you. He gave a great presentation to YC's Startup School a few years ago on the subject[1, 2]. GitHub has had one of the best jobs retaining people. Zach Holman disclosed some numbers recently[3] on his How GitHub (no longer) Works talk. [1] video: http://www.justin.tv/startupschool/b/272031754 http://www.justin.tv/startupschool/b/272031754 [2] Writeup http://tom.preston-werner.com/2010/10/18/optimize-for-happiness.html http://tom.preston-werner.com/2010/10/18/optimize-for-happin... [3] http://www.infoq.com/presentations/github-evolution http://www.infoq.com/presentations/github-evolution