131–133 of 133 posts
I wonder what proportion of HN would have different careers if software engineering paid, say, as much as humanities while humanities paid like software engineering. It seems like everyone here (myself included) isn't really in it for the money, but who knows what would happen.
These are good points for finding your first engineer, but here is a tip for helping close your dream hire: offer more equity. Your first eng hire will shoulder nearly all of the technical burden soon after as the founders transition into more of the non-technical roles (sales, outreach, recruiting, fundraising, business strategy). The amount of blood, sweat, and tears poured in by the first eng hire is somewhat less…
Depends on pay, right? If you are offering employee #1 market pay, why would you give them 10% equity? That is potentially millions of dollars for not taking a risk. I have been on both sides of this, and have thoughts. What do you think is fair for employee #1 making at or near market rate?
I am assuming that you won't sell goods and services you produce at cost price. If that is case, you'd have worked as an employee of that buyer. Similarly, if I don't get a share of the value I produce, I won't join any startup as a early employee.