Re:How Much Should Startup Employees Earn? Wealthfront Tells...
by lifeisstillgood on Wednesday September 19, 2012 @08:17AM
(#4543179)
most founders are selfish morons compared to some
of the people they hire later to make them rich.
Lets hope there aren't many startup founders reading this forum - or they might get worried :-)
Anyway, enough silliness, is it feasible to create an expectation or culture that rewards early hires in line with the (expected) drop in salary - the argument being that if I could earn 150K contracting for a year, but work for you at 50K, I should expect to garner 100K worth of equity.
Or are we going to see a simple return to the basics of start-ups - it takes money to start a company. You need lots of it to hire good people. Or is it really feasible to do everything with three guys in a room?
Or is it simply that heaving a compny into existence takes more than just technical know-how. it really is about hustle.
I honestly doubt that start-ups that become profitable and breech the magic 1m /pa are purely taking the employees pay cuts and moving them around - I mean that money does not really exist.
Anyway, enough silliness, is it feasible to create an expectation or culture that rewards early hires in line with the (expected) drop in salary - the argument being that if I could earn 150K contracting for a year, but work for you at 50K, I should expect to garner 100K worth of equity.
Or are we going to see a simple return to the basics of start-ups - it takes money to start a company. You need lots of it to hire good people. Or is it really feasible to do everything with three guys in a room?
Or is it simply that heaving a compny into existence takes more than just technical know-how. it really is about hustle.
I honestly doubt that start-ups that become profitable and breech the magic 1m /pa are purely taking the employees pay cuts and moving them around - I mean that money does not really exist.