I’m starting an internet company and detailing the entire process

Re:I’m starting an internet company and detailing the entire... by pc86 on Thursday April 06, 2017 @11:37AM (#14051516)

Why would contractors get profit sharing? They're already paid higher rates after accounting for benefits, risks, and taxes. If you undervalue yourself as a software dev contractor and bill 25-30 hours a week you can make a quarter million dollars a year gross.

I get where you're going with the WM example, and that's a fair one, but probably not comparable to a tech company like this. Nobody is going to be working for $10/hr or less unless it's fair for their standard of living. Likewise, industry level pay is important and if a good CFO commands $2 million a year but you can only offer $1.1 because you have a bunch of people making $50k, you're not going to get a good CFO, or your hiring pool is going to be artificially limited to those who don't need or care about the money.

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Re:I’m starting an internet company and detailing the entire... by inetknght on Thursday April 06, 2017 @03:04PM (#14053544)

I would consider contract jobs only because of more pay. But the lack of stability is a concern.

Profit sharing with contractors because... imagine Uber where drivers are poorly paid contractors while Uber reaps silly amounts of profits.

I fully understand that people can dictate what price they want. But that doesn't make that price fair, does it? Show a reason that $2M is necessitated instead of... say... $250K base salary and bonuses "up to" $2M based on performance. So if the company hires you and you don't bring profits (remember, profits are shared now) in line with whatever's necessary to pay you that $2M, then are you really worth your $2M asking price?

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