776 karma · joined February 7, 2008
http://www.polleverywhere.com
* Not really having 'much' to bring to the table other than the idea and self-proclaimed knowledge of the problem and domain. As the article mentions, having some capital already, having some sort of following or verifiable reputation or whatever would help a long way.
* Not really having any kind of story around "What have you tried so far?". The least sexy conversation is one where the non-technical founder is telling you about this "new" thing to work on and build and the reality is they've only been thinking about it for like 2 months and haven't really "done" anything other than some cursory research. Like, for example, if they don't have capital at all yet, have they tried before they came to you?
That said, there are plenty of very smart, driven, people who are not software engineers who don't think of a technical co-founder that way. So it'd be wrong to paint with a super wide brush on this.
Now all of those speeds feel like they're dial-up modems.
If we don't like layoffs, then we should also not like crazy hiring sprees either because of their recklessness and waste.
Forget what people should do, look at what people actually do.
Besides affordability, more recent generations focusing more on career, quality of life, freedom, overall thrill- and experience-seeking, has led people to make lifestyle choices that do not involve children, as children can be a hindrance to some of those lifestyle choices. Because of those choices, many of these same people simply don't value children [of their own] as much and thus have fewer or none at all. Career aspirations, increasing wealth/income, and keeping a majority control over one's time and obligations has become more important than accepting the stresses and challenges of raising one's own family, even when considering the special kind of joy that also arises from pursuing that endeavor.
Adding onto that, say what you will about organized religions, but the increasing level of secularism is perhaps also a factor in leading to a declining birthrate, as most organized religions tend to "bake in" a kind of enthusiasm and social "nudging" to have more children.
I'm sure people's reaction to get teary-eyed have less to do with the literal-ness of the filter and more of a surfacing catharsis deep-down that people have about the passage of time, lost opportunities, distant pain or hurt, disappointment, and also perhaps a nostalgia for once was growing up. It's a pretty human thing.
But then, one time, trying to get check into a place and the combination padlock or whatever wasn't working to get the key inside and I couldn't get ahold of the host took another 2 hours, I was like, I don't have time for this crap. That sort of problem would NEVER happen at a hotel.
And now, 12+ years later, while some things have improved (like keyless entry and whatnot that lots of hosts have finally), the situation is worse in many other areas, including cost.
Generally speaking, hotels work better for me. No bull shit fees (except some of those resorts that throw in the ridiculous daily 'resort fee' on top of the room rate, which is not reflected when you are searching and booking the room, except in fine print). No bullshit like cleaning up the room/place before you leave (isn't that why you are paying a cleaning fee?).
If the Board fails to do its job? What, then? Yep, shareholders have to intervene.
Which leads to what happens if the shareholders themselves don't figure out what to do or the right-decision to be made? Well, they lose a bunch of value as the company's value [eventually] plummets.
"Hey, we are laying off 3,000 people. Because of that, I am firing myself and the company will no longer have a CEO and will have to find someone else, starting immediately. In addition, I plan to donate all of my life's savings and file for unemployment like everyone else and, if needed, live in my van down by the river. I hope this makes everyone feel vindicated and that the scales of justice remain balanced. God Bless."
Either they did not negotiate for a better package with compensation and equity early on OR sadly, they joined too late. If they wanted a lot more equity (and therefore risk but also potential for a high return like Musk or Bezos or whatever), then they would have needed to join super early, or better yet, have been a co-founder to a Musk or a Bezos or whatever.
But they weren't, so no, they don't get anywhere near the sharing in the big reward, just a small or tiny slice.
But why is that?
And as fast as companies hire (which people celebrate), companies can quickly layoff too (which we lament).
So just as it is normalized to do fast-hiring, such is the case for fast-layoffs/firings.