Re:We Don't Have a Talent Shortage. We Have a Sucker Shortage
by andrei_says_ on Saturday April 20, 2019 @04:58PM
(#19708829)
I like mentally replacing “stock” with “lottery tickets”.
Re:We Don't Have a Talent Shortage. We Have a Sucker Shortage
by m463 on Saturday April 20, 2019 @07:02PM
(#19709469)
"silicon valley toilet paper"
or see this dilbert cartoon:
Re:We Don't Have a Talent Shortage. We Have a Sucker Shortage
by ecshafer on Saturday April 20, 2019 @07:53PM
(#19709670)
The Simpsons had a joke on this back in the day where their dotcom startup had shares of stock on a literal toilet paper dispenser.
Re:We Don't Have a Talent Shortage. We Have a Sucker Shortage
by ZeWaren on Sunday April 21, 2019 @03:58AM
(#19711064)
My company has no investors. The first years were a bit hard revenue wise.
The first engineers were paid a lot more than myself and the other cofounders until we got proper traction.
Never had any issue with that.
I knew the CEO from a previous effort. After much discussion, I thought they had something interesting, though I was hard pressed to find real differentiators. I thought I could help, and the senior leadership of the company did as well. We talked over a number of projects.
Started negotiations, I was asked about what it would take to get me over. I gave them realistic sets of numbers and conditions.
CEO's response to me was priceless.
"But that's more than I make."
Um ... yeah. And this matters ... how?
I know, startups push the equity side hard, as they tend to be cash poor and stock rich.
He then suggested a number that was under half of my minimum acceptable (covering costs, maintaining something that looks like a quality of life). And not so much equity.
Yeah. Didn't go there. CEO was out within a few months.