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by DaniFong
4760 days ago
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For whatever it's worth, that's not me down voting you. I will say two constructive things, and leave it as that: - Startups cannot possibly afford to pay people what they are worth in cash salaries, because the value that they create is realized in the future. In order for startups to be fair, employees actually have to recognize some of the potential value of stock. If employees were in a position to realize it, they could earn far more in equity. But people reasonably need some cash to live, so that is the tradeoff. - The best experiences are worth more than equity or money combined. This is, to my mind, not sophistry. It's the only way to live. Money ultimately just gives more options for experience. You have to actually live life, and enjoy it. |
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Of course, that is true and so I agree with what you're saying. The problem with startup equity/options is that it's often so pathetic. 0.03% of a 50-person company for Engineer #20? That's ridiculous, especially when useless nontechnical VPs are still getting 1%.
Software engineers, in most companies, get next to nothing in equity. What they get is a token, a lottery ticket. Only founders and those horrible executive implants pushed by investors get a real slice.
Here's a fairer way of doing that (profit sharing): http://michaelochurch.wordpress.com/2013/03/26/gervais-macle...
The best experiences are worth more than equity or money combined. This is, to my mind, not sophistry. It's the only way to live.
Few people have the luxury of not paying attention to compensation. There are STEM PhDs out there who end up working retail because they have no safety net and when they fall into the working class, they can't get back out (often, they can't even afford interview expenses to get out of whereever they are).