So, I'm the sole founder here with investor. The dude's awesome, but the contract we signed puts me in significant financial risk if the company doesn't turn up profitable.
I have more than several employees (some of them will probably read this) who I pay regular and competitive money though I'm not particulary pleased with their output (but hey, it's improving, and there's not much of a talent pool here). Most work on their hourlies, and if milestones/deadlines are not met, I try to find somebody else and handle all the consequences of that myself. Basically, I handle entire risk and stress.
Now, if what we work on turns profitable, or has a successful exit or whatnot, you know how much of that money do I think it's fair to give to them?
Nada. Zilch. Zero. Go through the shit I'm going through yourself if you want a big payout and then we'll talk.
So, I'm the sole founder here with investor. The dude's awesome, but the contract we signed puts me in significant financial risk if the company doesn't turn up profitable.
I have more than several employees (some of them will probably read this) who I pay regular and competitive money though I'm not particulary pleased with their output (but hey, it's improving, and there's not much of a talent pool here). Most work on their hourlies, and if milestones/deadlines are not met, I try to find somebody else and handle all the consequences of that myself. Basically, I handle entire risk and stress.
Now, if what we work on turns profitable, or has a successful exit or whatnot, you know how much of that money do I think it's fair to give to them?
Nada. Zilch. Zero. Go through the shit I'm going through yourself if you want a big payout and then we'll talk.
What do you think?