11–20 of 218 posts
The thing with excessive remuneration with startup’s are, it’s highly unlikely one could switch to a better paying job when the need arises. Update : To people who ask why would someone need another job? There are multitude of reasons, a well funded startup which could pay several times the industry standard - when fails; puts excessively paid employees to compete in the same standarised job market. If you live in th…
The thing with excessive remuneration with startup’s are, it’s highly unlikely one could switch to a better paying job when the need arises. Update : To people who ask why would someone need another job? There are multitude of reasons, a well funded startup which could pay several times the industry standard - when fails; puts excessively paid employees to compete in the same standarised job market. If you live in th…
The thing with excessive remuneration with startup’s are, it’s highly unlikely one could switch to a better paying job when the need arises. Update : To people who ask why would someone need another job? There are multitude of reasons, a well funded startup which could pay several times the industry standard - when fails; puts excessively paid employees to compete in the same standarised job market. If you live in th…
Sure, but at $3M a year, sock $2.5M away, live extremely comfortably, and have one hell of a rainy day fund.
Earlier quoted context omitted.
Sure, but at $3M a year, sock $2.5M away, live extremely comfortably, and have one hell of a rainy day fund.
I agree but you are not remotely considering taxes.
The thing with excessive remuneration with startup’s are, it’s highly unlikely one could switch to a better paying job when the need arises. Update : To people who ask why would someone need another job? There are multitude of reasons, a well funded startup which could pay several times the industry standard - when fails; puts excessively paid employees to compete in the same standarised job market. If you live in th…
The desire for more often blinds us. We all are looking for more wealth, and perhaps working for a startup like this will get us there. However, I personally think that talent is priceless. You can't just throw money for top skill. In field like startups, you have to passionate on what you're working on to make it the best it can be. Sure, say I have "top talent". But, what we fail to realize that "top talent" may no…
Only when you are shopping for hallmark cards.
The desire for more often blinds us. We all are looking for more wealth, and perhaps working for a startup like this will get us there. However, I personally think that talent is priceless. You can't just throw money for top skill. In field like startups, you have to passionate on what you're working on to make it the best it can be. Sure, say I have "top talent". But, what we fail to realize that "top talent" may no…
And I'm passionate about what I'm working on. I'm passionate about my craft. I'm passionate about investing in my team and their tech stack. To some degree, the employment agreement and the salary is pointing my drive in a direction. I don't shut it off, I just move it.
It's true that all that doesn't necessarily translate to more revenue or users. But that's also true, at least in the long run, of anything a firm might invest in, including top compensation packages for sales or management. Or expensive exclusives with vendors or clients. If the competitive advantage of a firm is its tech, then investing in that tech and recruiting and retaining top talent is a bet on a particular business plan.
> I do not think even money would motivate me to work to such a degree if I'm working on something I don't believe in.
Of course not. Ad absurdum, I wouldn't work for a drug cartel moving poison. I don't think that's a controversial position.
Or are there something inherently unethical or soul-sucking about working for a large compensation package?
The desire for more often blinds us. We all are looking for more wealth, and perhaps working for a startup like this will get us there. However, I personally think that talent is priceless. You can't just throw money for top skill. In field like startups, you have to passionate on what you're working on to make it the best it can be. Sure, say I have "top talent". But, what we fail to realize that "top talent" may no…
Most signaling about passion is transparent bullshit. For a first pass: do the people you hire apply exclusively to you and your competitors? No? Then they aren't passionate about your company's mission. At least, not any more passionate than the they are about the missions of the other companies they would have worked for instead.
Motivation and performance will be driven by autonomy, quality, work environment, peers, growth opportunities, technical interestingness, choice of tools, etc. way more than what the company actually does. And how many software engineers actually work on their company's core line of business, anyway? Some of the most interesting work is at systems level. The scheduler doesn't care all that much whether its processes are doing video transcoding, HFT, or protein folding.
We're professionals, and that's okay.