Re:What’s the Second Job of a Startup CEO?
by Lordarminius on Tuesday November 29, 2016 @02:07PM
(#13065407)
> The answer is equity
How realistic is it to bet your company on people working for equity? In its early days most rational people will not join a startup for equity alone. A few will join for cash and comp; for most,cash alone is good enough.
Once in later funding stages (A, B) you have much better financial power and thus, you'll update or upgrade your senior management team anyway.