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Re:How Wizards of the Coast distributed equity as a startup by applecore on Wednesday October 22, 2014 @06:44PM (#8495649)
If you model the entrepreneurial/tech ecosystem as a market, you'll find inefficiencies and mispricing of risk everywhere, not just in hiring at early-stage startups.
Re:How Wizards of the Coast distributed equity as a startup by tptacek on Wednesday October 22, 2014 @06:47PM (#8495663)
How else would you model companies and their staffing?
Re:How Wizards of the Coast distributed equity as a startup by Qworg on Wednesday October 22, 2014 @07:35PM (#8495837)
For new startups? A cult (of personality or of the religious persuasion)? A warparty? A pirate crew? All are good options.
Re:How Wizards of the Coast distributed equity as a startup by stephencanon on Wednesday October 22, 2014 @08:07PM (#8495951)
> A pirate crew?

I. Every man has a vote in affairs of moment; has equal title to the fresh provisions, or strong liquors, at any time seized, and may use them at pleasure, ...

IX. No man to talk of breaking up their way of living, till each had shared one thousand pounds. If in order to this, any man should lose a limb, or become a cripple in their service, he was to have eight hundred dollars, out of the public stock, and for lesser hurts, proportionately.

X. The Captain and Quartermaster to receive two shares of a prize: the master, boatswain, and gunner, one share and a half, and other officers one and quarter.

Far more equitable than most startups.

Re:How Wizards of the Coast distributed equity as a startup by mooreds on Thursday October 23, 2014 @04:44AM (#8497228)
Nice! For others, this is from an actual pirate code: http://en.m.wikipedia.org/wiki/Pirate_code
Re:How Wizards of the Coast distributed equity as a startup by TDL on Thursday October 23, 2014 @09:13AM (#8497919)
Peter Leeson wrote a paper on the economics of pirates, possibly of interest:

[PDF warning] http://www.peterleeson.com/an-arrgh-chy.pdf

Re:How Wizards of the Coast distributed equity as a startup by waterlesscloud on Wednesday October 22, 2014 @11:57PM (#8496643)
I'm a firm believer that every filmmaking project is a cult, and that directors with cult leader traits are much more effective at getting the project made the way they want it.

There can be obvious downsides to that, of course, but the same thing likely applies to startups.

I don't know if you can force it if you don't have it, but it's probably learn-able.

Re:How Wizards of the Coast distributed equity as a startup by anigbrowl on Thursday October 23, 2014 @02:40AM (#8496957)
This is absolutely true.
Re:How Wizards of the Coast distributed equity as a startup by TDL on Thursday October 23, 2014 @09:17AM (#8497929)
I don't know if a war party or a pirate crew are good options. Startups are attempting to create wealth. War parties and pirate crews aren't engaged in wealth creation, they are involved in wealth destruction. This is an important distinction that often gets lost in comparisons of business and warfare.
Re:How Wizards of the Coast distributed equity as a startup by Qworg on Thursday October 23, 2014 @10:11AM (#8498183)
I used those terms as flavor more than anything. That said, the core argument of each (we're going to kill X, we're going to make a ton of cash because we're just better and faster) is a typical conceit.
Re:How Wizards of the Coast distributed equity as a startup by baddox on Thursday October 23, 2014 @02:54AM (#8496985)
Do you actually have a model for cults, warparties, or pirate crews? The reason the phrase "model a startup as a market" even makes sense is that reasonably well-accepted and well-defined models do exist for markets.
Re:How Wizards of the Coast distributed equity as a startup by Qworg on Thursday October 23, 2014 @10:09AM (#8498173)
Certainly. Most of these are arguments for why people would make irrational decisions that break market models.

Cult: A singular leader or small group of leaders convince people who are looking for something to believe in/want to change the world of their worldview. The followers are willing to make non-optimal decisions in order to be a part of something greater/be close to the leader(s).

Warparties: A leader/small group of leaders convinces a group of people who are looking for something to believe in that they're on a holy mission: kill X. The followers are willing to make non-optimal decisions in order to be a part of something greater/be close to the leader(s).

Pirate Crew: A leader/small group of leaders convince a small group of people that they're special - and that they're going to work together to make a ton of cash. This is not necessarily true. The followers are willing to make non-optimal decisions in order to be a part of something greater/be close to the leader(s).