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Re:We need to rethink employee compensation by dman on Wednesday June 24, 2015 @04:42PM (#9774332)
If youre great at identifying the right team, why not work as a VC rather than working as an employee :) .
Re:We need to rethink employee compensation by harryh on Wednesday June 24, 2015 @04:56PM (#9774406)
Because I like making things and working with other people and don't really like meetings or traveling.
Re:We need to rethink employee compensation by dman on Wednesday June 24, 2015 @05:24PM (#9774597)
The biggest downward ticks to my personal net worth have been due to me relying on skills that I dont exercise often. Over time I have calibrated my judgement to mark the value of infrequently exercised skills to zero even though I might think I am a natural at them.
Re:We need to rethink employee compensation by MCRed on Wednesday June 24, 2015 @05:37PM (#9774658)
VCs are terrible at this. I can't tell you how many times in the past 20 years I've heard VCs say things like "you should move into [tangentially related area that we can't add value to that just had a big exit]"

For instance, when youtube got bought, VCs were all interested in investing in online video companies. At that point, though, Youtube had already been bought! They were like 5 years too late.

Re:We need to rethink employee compensation by dman on Wednesday June 24, 2015 @05:50PM (#9774726)
That might well be true, the point I was trying to make was that as an employee its dangerous to make decisions based on the belief that you are great at picking winning teams / companies. Sure VC's are bad it too, but theyre sensible enough to do it with other peoples money.