Let’s talk about founder compensation • Hacker News Board

Re: Let’s talk about founder compensation

#91

Post by cinquemb » Mon, Sep 20, 2021, 3:02 AM UTC

zepto wrote: post #89

cinquemb wrote: post #86

Earlier quoted context omitted.

> What certainly is dishonest is to pretend that a mechanism that isn’t used consistently is equivalent to no mechanism at all. Arguably, any instance where such enforcement mechanism fails to happen in response to an infraction in law, or fails be applied consistently to all actors, is a failure of said enforcement mechanism in totality (compared to evm where the contract will revert at runtime to the state before s…

> Arguably, any instance where such enforcement mechanism fails to happen in response to an infraction in law, or fails be applied consistently to all actors, is a failure of said enforcement mechanism in totality No, that’s not ‘arguable’. It’s ridiculous and obviously wrong. > there is much point in me spoon feeding you more stuff Or, far more likely, you simply can’t actually produce a good example. Given that you…

> No, that’s not ‘arguable’. It’s ridiculous and obviously wrong.

I'm arguing it now, you may disagree, but I can for sure tell you that If I had at least 5 felonies like certain corporations do (and the exact same ones they were charged with and merely paid punitive fines for that barely scratched the surface of the profits extracted), I certainly would not be able to continue to operate in certain jurisdictions like they can and continue to do. You may not think such is a utter failure of enforcement, but I do. Thankfully, my actions, thoughts and ideas are not bounded by what you think.

Regardless, there are dao's that are not incorporated in any jurisdiction and are sufficiently decentralized that even if any one or many of their actors that are distributed in many jurisdictions we're arrested or killed, their evm deployed contracts will continue operate just fine regardless of what you or I think of such dao's and the assets of such daos, will remain out of reach of punitive actions of any particular jurisdiction.

> Given that you could simultaneously prove me wrong and inform other people by doing so, I think it’s clear this is just bluster.

Right, ignore the social and non finance related dao's listed in the link I provided, and continue to form your opinions strictly based on someone else definitions of "goodness" or "badness". All just bluster ;)

Re: Let’s talk about founder compensation

#92

Post by zepto » Mon, Sep 20, 2021, 3:14 PM UTC

cinquemb wrote: post #91

zepto wrote: post #89

Earlier quoted context omitted.

> Arguably, any instance where such enforcement mechanism fails to happen in response to an infraction in law, or fails be applied consistently to all actors, is a failure of said enforcement mechanism in totality No, that’s not ‘arguable’. It’s ridiculous and obviously wrong. > there is much point in me spoon feeding you more stuff Or, far more likely, you simply can’t actually produce a good example. Given that you…

> No, that’s not ‘arguable’. It’s ridiculous and obviously wrong. I'm arguing it now, you may disagree, but I can for sure tell you that If I had at least 5 felonies like certain corporations do (and the exact same ones they were charged with and merely paid punitive fines for that barely scratched the surface of the profits extracted), I certainly would not be able to continue to operate in certain jurisdictions lik…

> I'm arguing it now, you may disagree

No, you actually don’t present an argument that inconsistent enforcement is equivalent to no enforcement. You just argue that you don’t like inconsistent enforcement.

> You may not think such is a utter failure of enforcement, but I do.

You are entitled to that judgement of it, but it’s obviously not equivalent to no enforcement. To say so is ridiculous on its face, which is why you haven’t in fact been able to argue it.

> Right, ignore the social and non finance related dao's listed in the link I provided

The fact you can’t pick one out shows that there actually aren’t any good examples. That’s my point. I’m not ignoring them.

Re: Let’s talk about founder compensation

#93

Post by lumost » Mon, Sep 20, 2021, 5:51 PM UTC

ryanSrich wrote: post #88

lumost wrote: post #87

Earlier quoted context omitted.

The funny thing here is that it makes running a startup/working at a startup relatively pointless. On average it’s probably about equal difficulty to convince the right person at a FAANG to invest in a pitch as it is to raise a series A. Except your more or less guaranteed to make ~1-2 million over the course of 4 years and you have a good option to make more via promotion. You Lone the opportunity to be your own bos…

The overlap between would-be successful founders and people that can not only pass the interview exams, but function within a FAANG is probably very slim. You need high conformity and extreme inside the box thinking to thrive in FAANG. Conversely, you need essentially the opposite set of traits to be a successful founder.

Curious why you believe you need in the box thinking to thrive at a FAANG. I haven’t seen anything more than what you’d need to keep up with customer expectations of what your kind of company should be able to do.

Re: Let’s talk about founder compensation

#94

Post by telotortium » Thu, Sep 23, 2021, 5:01 AM UTC

bluishgreen wrote: post #30

nostrademons wrote: post #15

There's a weird set of assumptions in this piece that make me a bit nervous about the state of the startup ecosystem. When I was first getting into startups (late dot-com boom to about 2009), the assumption was that your startup was your identity, and an expression of your power to change the world. You owned it, or a big chunk of it, and you got rich by growing the size of the company (and hence your share value). T…

"For the last few months, I've been cautiously testing a radical-sounding hypothesis on smart people: entrepreneurs are the new labor. Or to put it in a more useful way, the balance of power between investors and entrepreneurs that marks the early, frontier days of a major technology wave (Moore's Law and the Internet in this case) has fallen apart. Investors have won, and their dealings with the entrepreneur class n…

michaelochurch has pointed this out for a while now (at least since 2013 on his old blog).