3 ms·
So, there's clearly a lot changing in the winds of business, right, especially in tech circles where a) skilled employees are really in demand and b) we communi
by angersock 11y ago
So, there's clearly a lot changing in the winds of business, right, especially in tech circles where a) skilled employees are really in demand and b) we communicate a whole lot more than other sectors with each other.
I don't think anybody expects to really build a career long-term at a company anymore unless they're a cofounder--5 years, maybe, right? So, companies are starting to say, "hey, wait...let's lure them in with equity".
Problem is, we as employees are wising up (due to this sort of constant gossip we all have) that equity is basically not worth counting on at all, and is just a way of tricking engineers who've avoided business learnings into working for less than they produce.
I'm curious how long until we see an approach where the employees get a direct stake in the company's revenue, growth, and expenditures, instead of this silly equity proxy arrangement.
The problem that I see from a morale standpoint, especially for early engineers and hires, is that the founders have massive massive massive equity compared to you, but don't do nearly as much to actually build out the company. They don't organize the teams, they don't write all the fiddly bits of the code, they don't smile and dial all the customers.
And maybe that's just my own bitterness and experience, but it really seems like a lie to treat equity as some actual stake in the company, because you'll never get into the founder club.
- jdmichal 11y agoI think what you're looking for is a "worker cooperative", which is basically a company wholly owned and controlled (directly or indirectly) by the employees. https://en.wikipedia.org/wiki/Worker_cooperative https://en.wikipedia.org/wiki/Worker_cooperative