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hekfu | 7 years ago
Ding ding ding. Also in this category
* We still shitcorp want the company to be a family * Believing in our vision * Want our employees to be caring about the customer * Have fun and pizza in the office
Unless
a) there are hard cash+ benefits b) there is equity c) there exists a formal incentive structure reaffirming the officially started desires
It's all consciously or subconsciously a way to sucker people in and exploit them without pay. And some people go in knowing that and not caring they get exploited (nurses, some people better than me I know), some don't notice (mostly junior devs/consultants). But for both exploited they get
mmirate|7 years ago
AFAICT equity is a lottery-ticket at best, and is usually bubkes.
What novel information do you have about equity?
hekfu|7 years ago
1. I'm talking about equity, not options. Aka, part of the company is yours. With voting rights, or in the case of e.g. Google, at least worth cash 2. In a startup, it is a lottery ticket. If the company is public, you can include it in compensation as there is a market value
If the company actually gives you a meaning number of shares, they can expect you to care about the company beyond the paycheck... because it's your company. If they are Google and the stock is a way to chain you via vesting...at least it's golden chains