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"... The reality is that for most businesses, they don't need more cash, they need more brains. ..." Nice quote and a reality for a lot of software companies a
by bootload 19y ago
"... The reality is that for most businesses, they don't need more cash, they need more brains. ..."
Nice quote and a reality for a lot of software companies and is a key JOS essay: "... convert money to code through programmers ..." ~ http://www.joelonsoftware.com/articles/fog0000000074.html http://www.joelonsoftware.com/articles/fog0000000074.html
The suggestions here are pretty useful but the title, Sweat equity left a bitter taste. Sweat equity works okay where you are a founder not a hired hand. It really means lower wages with a chance of payoff at the mercy of founders.
More reason for starting your own startup.
- electric 19y agoAgreed. The term sweat equity is a negative one, but if you are joining a company at the stage Cuban is referring to (i.e. when it has little to no cash) you should be getting a reasonable amount of equity -- at least enough to make your hard work worthwhile.