[bonestamp2]

> Also this guy's post is I am richer than Yelp's CEO and quite self righteous.

I didn't read it that way; I read it as "you can pay people well and be richer than Yelp's CEO and here's proof."

The purpose of that ethos is to negate the argument that you have to pay people shit to have a good balance sheet. He's using his numbers to argue that paying people well makes you more profitable because you can have the best, most engaged people -- and better retain those people, which is important since you've invested a lot to teach them your domain knowledge.

[wdmeldon]

Why do I get the feeling Yelp has a lot more low skill employees than nxVenture Capital? The exact opposite point can be made with Walmart.

edit: also, did anyone else find his claim that he pays his Administrative Assistant 300k to be a bit strange? That's an insane amount of money for that position is it not?