The first startup I worked for was cash poor and I agreed to lower wages in return for a 4 day week. Bear in mind that this was in Ireland in the late 1990's and there was never any mention of shares etc. There was however a very competitive market for anyone who could turn on a computer.
At the time three other companies wanted me to work for them doing web design & development. And each of them had the 60hr a week, no overtime attitude that they were emulating from American companies. However they were not emulating the benefits of these American companies, at no point was a shareholding or options mentioned.
The money was good but I don't think i would have had the time to spend it.
So the smallest company offered me less money but agreed to four days a week. And I agreed. The 2 years I spent represents one of the most productive periods in my working life.
It also gave me time to develop my own ideas on the side while gaining great start-up experience.
Since then I've worked for other companies and myself sometimes pulling 80-100 hours a week. And after a couple of prolonged periods of this I Burned out.
Twice in the past decade.
No amount of cash, shares or experience was worth being burned out.
Now-a-days I do about 4-4.5 days a week, on a contract basis and once again I'm more productive and creative than I have been in 15 years.
At the time three other companies wanted me to work for them doing web design & development. And each of them had the 60hr a week, no overtime attitude that they were emulating from American companies. However they were not emulating the benefits of these American companies, at no point was a shareholding or options mentioned.
The money was good but I don't think i would have had the time to spend it.
So the smallest company offered me less money but agreed to four days a week. And I agreed. The 2 years I spent represents one of the most productive periods in my working life.
It also gave me time to develop my own ideas on the side while gaining great start-up experience.
Since then I've worked for other companies and myself sometimes pulling 80-100 hours a week. And after a couple of prolonged periods of this I Burned out.
Twice in the past decade.
No amount of cash, shares or experience was worth being burned out.
Now-a-days I do about 4-4.5 days a week, on a contract basis and once again I'm more productive and creative than I have been in 15 years.