What a horrible advice. This guy is basically asking you to make your employees sacrifice their whole lives to make your company successful. And then when you and your company actually make it big, mercilessly kick them out without their due deserved rewards.
This sort of thing creates the 'Zynga stories', where senior executives don't want the chef to get rich. Or that the hardworking programmer in his cubicle no matter how hardworking he is doesn't deserve to get rich. And no matter how lazy the senior executive is, by the virtue of his designation, big college degree status is automatically inclined to a better compensation.
This might work for a one of case. But on a longer is a disaster for the start up ecosystem. If these stories spread, no good guy will ever want to work for a start up.
What a horrible advice. This guy is basically asking you to make your employees sacrifice their whole lives to make your company successful. And then when you and your company actually make it big, mercilessly kick them out without their due deserved rewards.
This sort of thing creates the 'Zynga stories', where senior executives don't want the chef to get rich. Or that the hardworking programmer in his cubicle no matter how hardworking he is doesn't deserve to get rich. And no matter how lazy the senior executive is, by the virtue of his designation, big college degree status is automatically inclined to a better compensation.
This might work for a one of case. But on a longer is a disaster for the start up ecosystem. If these stories spread, no good guy will ever want to work for a start up.