Re:Silicon Valley's best kept secret: Founder liquidity
by nkohari on Wednesday June 12, 2024 @10:47AM
(#40658790)
> Have you been an employee in a startup? Because in my experience it has a lot of the downs of the founder, but none of the ups.
Have you been a founder? If not, I'm not sure you fully realize what goes into the job. Everyone wants to be a founder, but nobody wants to _be_ a founder.
Re:Silicon Valley's best kept secret: Founder liquidity
by palata on Wednesday June 12, 2024 @05:43PM
(#40663524)
> I'm not sure you fully realize what goes into the job.
Can it be a lot worse than working as many hours as possible and burning out? Because startup employees do that, without the compensation the founders get.
Re:Silicon Valley's best kept secret: Founder liquidity
by kelnos on Thursday June 13, 2024 @07:01AM
(#40668080)
To be fair, most startups fail, and the founders of these companies can end up with similar or worse compensation than their employees. Maybe they've volunteered to take a lower salary than their early employee. Maybe because by the time they've started hiring employees, they've been working without any salary at all, burning through their savings and credit cards for a year or more before getting any meaningful funding.
Re:Silicon Valley's best kept secret: Founder liquidity
by nkohari on Saturday June 15, 2024 @02:32PM
(#40691689)
My advice would be not to do that. Set firm boundaries when you discuss the role and then enforce them. No employee will ever care as deeply about a company as its founder, and good founders understand that.
Re:Silicon Valley's best kept secret: Founder liquidity
by gafferongames on Wednesday June 12, 2024 @08:38AM
(#40657415)
So start your own company then.
Re:Silicon Valley's best kept secret: Founder liquidity
by palata on Wednesday June 12, 2024 @09:16AM
(#40657791)
Maybe I should, so that I could abuse from the employees and then explain how I deserve to get rich if MY startup succeeds but my employees don't (because it is MY startup, you see? I don't need them).
Re:Silicon Valley's best kept secret: Founder liquidity
by che_shirecat on Wednesday June 12, 2024 @09:37AM
(#40658017)
Good luck with this! Let us know how it goes.
Founders have leverage, because they started the company. If you don't like it, start your own and don't join someone else's.
Re:Silicon Valley's best kept secret: Founder liquidity
by palata on Wednesday June 12, 2024 @11:35AM
(#40659268)
Where I come from, that's an ultra-liberal point of view.
Re:Silicon Valley's best kept secret: Founder liquidity
by kelnos on Thursday June 13, 2024 @06:56AM
(#40668059)
I mean, you could certainly start your own company, and then be more generous with your employees around these sorts of things. Sadly, you might have more trouble attracting investment, but you could probably still pull it off.
Have you been an employee in a startup? Because in my experience it has a lot of the downs of the founder, but none of the ups.