>> They do this because no one wants to work at their startup. How do you see this being solved then?
Not really. Startups cannot really operate without doers, and most doers want something out of the experience -- equity, money, promotion, etc.
I've seen two start-ups (one Series A SF startup with bigname VCs) which promoted VC-frields' kids while the doers waited and waited.
In one case, the "child" was 25yo, became manager 6mo later, became Director 6mo after that, became senior Director 6mo after that. Some facebook stalking revealed the relationship, some photos at Lake Tahoe.
Eventually the startup collapsed because there were so many senior folks w/o real experience. I saw the same individuals follow leadership to a new company, which also had a huge implosion.
Not really. Startups cannot really operate without doers, and most doers want something out of the experience -- equity, money, promotion, etc.
I've seen two start-ups (one Series A SF startup with bigname VCs) which promoted VC-frields' kids while the doers waited and waited.
In one case, the "child" was 25yo, became manager 6mo later, became Director 6mo after that, became senior Director 6mo after that. Some facebook stalking revealed the relationship, some photos at Lake Tahoe.
Eventually the startup collapsed because there were so many senior folks w/o real experience. I saw the same individuals follow leadership to a new company, which also had a huge implosion.