lotta thoughts about this * understand your BATNA * understand what work for hire * understand what capital brings to the plate ; if you don't like it, be your own capitalhttps://twitter.com/WillEkySFF/status/1205150587161055237 …
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2/ a story I've told a dozen times: when I ran a startup I hired a sftwr engineer, paid him market rates, took zero salary myself after a year or two he wanted an ownership stake in the firm I said "great ; I mortgaged my house to buy 100% of firm, I'll sell you some of it"
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3/ He understood my point, went away to think about it, got harangued (I presume, from context) by his wife again, came back for a second stab at the question. "How much of XYZ would you say I've created?"
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4/ me: "well, if by 'XYZ', you mean 'the codebase', I'd say 90%" him: nodding, smiling me: "but if by 'XYZ', you mean the FIRM, I'd say 0%. I mortgaged my house, hired an engineer, and had him do some work. So from that PoV, I did the entire thing myself. <pause> why?"
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5/ When you go to a restaurant and buy a $30 steak, the chef has no business coming out halfway through the meal and asking to eat half of it. "But I'm the one who cooked it!" Indeed, you are. And you did a great job. ...that's why I paid you cash for that service.
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6/ ...and that's why the word "stakeholder" is a terrible concept. Thanks for coming to my TED talk.
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