Reid Hoffman, the visionary behind LinkedIn, says he even expects employees at startups to constantly be working—with the exception of taking time out for dinner
I think it’s fair enough to put in some really intense years with the promise of a nice payoff and ability to retire early, as opposed to spreading that effort and payout over decades with work / life balance. The problem is when that same intense effort is asked of anyone who will not be getting such a payout at the end. Even workers with equity in a start-up can get the shaft due to the fine print where the VCs take the lions share of the exit money and the workers end up with a paltry sum to that won’t even cover their medical bills later on after the stress takes its toll on their bodies.
This context does not change anything. Not prioritizing health shows a critical misunderstanding of what wealth is, and how to reap its benefits. You are not likely to be a good business person if you do not understand fundamentals.
That being said, if you’re willing to cheat/lie/steal you can ignore a lot of the fundamentals - which is the route most of these “cofounders” took
The context is important:
https://lemmy.ca/comment/15704649
I think it’s fair enough to put in some really intense years with the promise of a nice payoff and ability to retire early, as opposed to spreading that effort and payout over decades with work / life balance. The problem is when that same intense effort is asked of anyone who will not be getting such a payout at the end. Even workers with equity in a start-up can get the shaft due to the fine print where the VCs take the lions share of the exit money and the workers end up with a paltry sum to that won’t even cover their medical bills later on after the stress takes its toll on their bodies.
This context does not change anything. Not prioritizing health shows a critical misunderstanding of what wealth is, and how to reap its benefits. You are not likely to be a good business person if you do not understand fundamentals.
That being said, if you’re willing to cheat/lie/steal you can ignore a lot of the fundamentals - which is the route most of these “cofounders” took
Processing the context, you can see how a lot of internet companies have continued the trend of making wage positions “more entrepreneurial”.
Fortune rage baiting?!