"I bet it's going to have an unintended consequence of increasing the social difference between founders and employees."
I bet it exacerbates the current problem of too many startups fighting for too few competent people. There's no surprise here that working for a startup is usually a raw deal (worst of both worlds).
I wonder if the lessons of 1999-2001 were forgotten. Makes sense, given that it's been more than a decade.
True. I live in San Fran and would be much happier engineering for Wells Fargo than any startup (from a total-compensation viewpoint).
that's why it's so hard to hire.
This is probably more of an issue where the salary offered needs to match the risk of the job. There was an HN discussion some time ago about how wall street workers have to sign stiff non-compete agreements, but they get a substantial golden parachute if they are ever laid off.
I bet it exacerbates the current problem of too many startups fighting for too few competent people. There's no surprise here that working for a startup is usually a raw deal (worst of both worlds).
I wonder if the lessons of 1999-2001 were forgotten. Makes sense, given that it's been more than a decade.