Giving out equity in startups benefits ownership way more than employees. It allows the owners to push employees harder and harder because “you’ve got skin in the game now… you’re an owner.” No you aren’t. Owning less than 1% of anything isn’t ownership.
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A number of people have been here a long time, are very skilled, and have high salaries. We’ve paid individuals millions in salary over that time. All depends how they save, invest, spend, etc, so it’s not my place to speak on their current financial situation.
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But if you are being so giving why not give ownership as well? The employee decides how hard they work not their options.
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several things are true: 1/ The VC playbook of employee options is largely BS 2/ the bootstrapped world doesn't have & badly needs a good playbook here 3/ *A lot* of employees at bootstrapped co's have become millionaires but their stories are not widely shared.
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Maybe Ryan by this point?
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Why should they not?
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