Re:Ask HN: Where are laid off employees gathering?
by whatshisface on Monday February 20, 2023 @02:13PM
(#34871594)
With the way investors handle things these days the ceiling for founders is a lot lower than you think.
Re:Ask HN: Where are laid off employees gathering?
by robswc on Monday February 20, 2023 @02:15PM
(#34871618)
How would you achieve similar comp in the system OP describes?
Re:Ask HN: Where are laid off employees gathering?
by whatshisface on Monday February 20, 2023 @02:17PM
(#34871644)
I didn't think the OP described a comp structure. The org-wide decisions being put to a vote already happens in a lot of public companies, and it would be the employees voting if they were the shareholders. It's a really straightforward idea.
Re:Ask HN: Where are laid off employees gathering?
by robswc on Monday February 20, 2023 @02:25PM
(#34871761)
Well, I know there's more to life than comp but when it comes to deciding what to do for work, its a huge factor. I'm just wondering how you would get a similar comp in OPs system.
Re:Ask HN: Where are laid off employees gathering?
by whatshisface on Monday February 20, 2023 @02:30PM
(#34871827)
The co-op makes and offer, and I guess you'd negotiate, then accept it if they offered enough. Voting shares would be a major part of your compensation like with most companies. You might offer them a premium because you'd expect to be exempt from industry-wide anti-labor actions like the recent layoffs and those old anti-poaching agreements, but that would be for you to decide.
Re:Ask HN: Where are laid off employees gathering?
by robswc on Monday February 20, 2023 @02:35PM
(#34871909)
Makes sense. I suppose that may be enticing for some. I just don't know how many people would sign up for it when there's tons of companies dangling RSUs and insane bonuses or the opportunity to do a startup and get acquired. I would wish this theoretical structure luck though.
Re:Ask HN: Where are laid off employees gathering?
by whatshisface on Monday February 20, 2023 @03:52PM
(#34872755)
The early engineers would be paid in a lot of equity, not the tiny fractions of a percent that you get at startups these days, so if you're willing to take a risk, it could be a good deal.
Re:Ask HN: Where are laid off employees gathering?
by AndrewKemendo on Tuesday February 21, 2023 @12:33AM
(#34877102)
Because you get to set the pace for whatever you are doing as a group instead of someone else setting the pace for you
That's the difference
Do you want to work for the desires of wall street or do you want to work for the desires of your friends and community around you?
You can't do both and have investors unfortunately.
Perhaps maybe its a good starting point for developers or those just wanting smooth sailing... but for others... why stay in a "system" with a low ceiling? They could take a risk and create a startup and earn much more.
>We all know what products companies/individuals would pay for, because we used to build/buy them.
Regarding this. I _wish_ it were that easy. If it were, I would just spin up a consulting business, lol. Its probably the case SDEs know more about what the client needs than the client itself does... but getting them to pay for something new is incredibly difficult.
I guess at the end of the day, I don't believe you could throw 100 talented people in a room and just expect results to start happening. I would love to join this as an experiment though.