I mean $7.25 is completely inaccurate, and that’s my bad. What I really mean to say here is that it feels like the whole non-C-level part of the work force is disincentivized to try hard, because C-level pay is hyper-inflated. Workforce get stiffed on ownership of the companies they participate in. Completely.
1) the first start up I ever joined, I ended up owning 10% of the platform and grinding frequent 70+ hr work weeks. I desperately wanted to spread my wings and make suggestions (you know, career advancement type bullshit) but I was consistently treated like I had only been hired because there was a talent shortage, and that I was expected to follow orders and shut the fuck up. Execs sold the company 3 years later for $50M. I got $6,000 from the deal.
2) Amazon is a multi trillion dollar company, with huge talent sourcing issues. Why? Employees are grist for the mill. When I interviewed, beginning SE’s were salary capped and offered a tops of $40k in stock options that vested over 4 years. Most devs don’t last more than 2.
These can’t be unique stories. I’m of the opinion that money and control need a fierce decoupling. I’d give a shit about implementing big visions if I were treated like it matters that I care and if I were presented a fair stake in the company. Until then, I’m going to worry about pursuing my personal projects more often than not.
1) the first start up I ever joined, I ended up owning 10% of the platform and grinding frequent 70+ hr work weeks. I desperately wanted to spread my wings and make suggestions (you know, career advancement type bullshit) but I was consistently treated like I had only been hired because there was a talent shortage, and that I was expected to follow orders and shut the fuck up. Execs sold the company 3 years later for $50M. I got $6,000 from the deal.
2) Amazon is a multi trillion dollar company, with huge talent sourcing issues. Why? Employees are grist for the mill. When I interviewed, beginning SE’s were salary capped and offered a tops of $40k in stock options that vested over 4 years. Most devs don’t last more than 2.
These can’t be unique stories. I’m of the opinion that money and control need a fierce decoupling. I’d give a shit about implementing big visions if I were treated like it matters that I care and if I were presented a fair stake in the company. Until then, I’m going to worry about pursuing my personal projects more often than not.