The harsh reality about startup employees risking everything for equity dreams
“And so I think that we shouldn't glorify it, but we should acknowledge that that that's the bar.”
And so I think that we shouldn't glorify it, but we should acknowledge that that that's the bar. That's what you need to do. And if you don't do it, then somebody that wants to win more will do it. Right? And they will win. And so that that's just, like, the reality of startups.
And, you know, for for the founders, I completely agree. Right? I mean, you have decided to embark this insane founder journey and have a big mission that we're we're building and fighting for. But I often wonder about, you know, some of the employees at these early companies. They're being paid under market. They're working crazy hours, and they have, you know, a piece of equity that may or may not come to fruition. Right? They they may never see that. And so, you know, the the draw of that excitement, I think, catches many people, but it is also a a risk to be even working in that situation.
About this clip
Yuri Sagalov from General Catalyst discusses the brutal reality of startup culture - acknowledging that extreme dedication is required to win, while questioning the ethics of asking employees to work below-market rates and long hours for uncertain equity upside. He highlights the tension between founder ambition and employee risk.
Why this clip
This clip offers a nuanced perspective on startup culture that acknowledges both the necessity of extreme dedication and the ethical concerns around employee treatment.
More from this guest
Build Mode
2 appearances · 5 clips
What they said next
VC says advisors-for-equity is rarely a good idea - here's why
18:19 - 37s · contrarian take
More from this episode
From the blog
Want clips like this for your podcast?
We find your top 5-8 clips, write the hooks, and deliver ready-to-post content. First 2 episodes are free.
Get 2 Episodes Clipped Free