Startup employees don't earn more

Post by tonyedgecombe » Mon, Sep 12, 2016, 8:04 AM UTC

Pyxl101 wrote: post #109

segmondy wrote: post #54

Earlier quoted context omitted.

Wow, someone gives a company $1million and you claim that the person is playing with dreams, time and skills? Give us a break. No startup has to accept investor money. If you don't want their million, don't take it. Bootstrap with your own cash. The reality is that going into startup for money is a big risk, it's a big gamble. Go in for the fun, go in to learn new things, play with new tech, go in to avoid ( big comp…

> Do it for the for the fun and if you make money great, if you don't, you come out with new experience. Long before fullstack became a buzz word, I earned my badges due to startup. I coded, I did design, I touched the DB, I setup the servers, wired the network, setup the firewalls. It was hella fun, I made $0. But my experiences from then still serves me till this very day. You can have these experiences at a large…

Post by mavelikara » Mon, Sep 12, 2016, 8:10 AM UTC

jchendy wrote: post #87

mavelikara wrote: post #69

Earlier quoted context omitted.

> To help keep our employees happy (and to be competitive with bigger companies when recruiting), we try to get as close as possible to big-company salaries, we don't expect anything beyond 40 hrs / week, 100% paid health benefits, 401k, 25 paid days off per year, snacks, food, full financial transparency, etc. These sound reasonable. Quick question - has anyone you tried to recruit walk away because you mentioned th…

> has anyone you tried to recruit walk away because you mentioned the 40hr/week expectation? Why would they? Are you imagining somebody who only wants to be part of a team that's overworked?

  I recall very little from the interviews, except a comment from 
  one of the DabbleDB engineers. After getting through the stress 
  questions, I asked him, "So what do you like most about Twitter?"
  
  By this point, we'd build a decent rapport, so with a nod and a 
  wink, he said, "Well, you know, in companies like Facebook and 
  Google, they serve you breakfast, lunch and dinner. Here at Twitter, 
  they one serve you breakfast and lunch."
  
  I cringed inwardly. So the big selling point was that nobody worked 
  late into the night, so we could have that chimerical work-life 
  balance? I smiled to keep the warm vibe going. But that comment more 
  than anything else sealed my decision. I was not going to blow the 
  biggest career wad of my life on a company that hesitated to work 
  past six p.m. daily.
  

Post by frobozz » Mon, Sep 12, 2016, 8:33 AM UTC

Pyxl101 wrote: post #109

segmondy wrote: post #54

Earlier quoted context omitted.

Wow, someone gives a company $1million and you claim that the person is playing with dreams, time and skills? Give us a break. No startup has to accept investor money. If you don't want their million, don't take it. Bootstrap with your own cash. The reality is that going into startup for money is a big risk, it's a big gamble. Go in for the fun, go in to learn new things, play with new tech, go in to avoid ( big comp…

> Do it for the for the fun and if you make money great, if you don't, you come out with new experience. Long before fullstack became a buzz word, I earned my badges due to startup. I coded, I did design, I touched the DB, I setup the servers, wired the network, setup the firewalls. It was hella fun, I made $0. But my experiences from then still serves me till this very day. You can have these experiences at a large…

Post by [deleted] » Mon, Sep 12, 2016, 8:40 AM UTC

jwatte wrote: post #100

rlanday wrote: post #7

Earlier quoted context omitted.

No, many people believe the value of money in non-linear but most of those people believe that the marginal utility of each additional dollars diminishes as your wealth increases, rather than increasing. I.e. even if you might earn more money on average at a startup (which the article claims isn’t the case), it still wouldn’t be worth it because it’s better to earn a decent salary from a big company with high probabi…

With $1M net worth (expect $40k/year annuity,) you'd have to live frugally to be truly independent, especially of you have a family. With $5M net worth, you could live well, independently. A 9-5 is unlikely to let you save $1M, much less $5M, unless you're high level in a big company. If you're very early in a big success, you can get there. However, in many ways, employee 15 and up is the worst of both worlds. Small…

Post by lamby » Mon, Sep 12, 2016, 9:12 AM UTC