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Comments

Amit - founder of a startup

You are sooooooo right on this one.

I want to take it futher, I actually believe employees (and founders) should earn significantly less in their paycheck, and get more equity or salary completion upon milestone. Theres' nothing like the productivity of the garage mode, and if possible to bootstrap and push it forward a bit more , I think its best for everyone.

Jeff

Having been involved with start-ups that were founded in garages (in Palo Alto, of course) or living rooms, I could not agree with more emphatically. If a home or garage is not a viable solution, then these companies should be in shared office or short-term lease with bare-bones office furniture.

That said, I know many companies that when a series A round was completed, their investors pressured them to "grow-up" and get a real office.

Nick

You are probably right on the "too nice of a view" thing, but I think you're wrong on the rest of it.
As an “ex-VC”, you're probably familiar with the "importance of the team" theme, and quality people like to be appreciated _now_ in addition to being promised things later. Eating the same food every day and possibly getting health problems as a bonus to a less-than-average income, when the company can in fact afford better, just shows the company's priorities.
People are only too aware that the ultimate pay-day arrives only for that 10%.
The bottom line being that comfortable offices and work spaces, company activities, and good salaries are a better investment in the long term.
P.S. And as an employee I too think that "Cash is king", only this way it comes to mean something quite different.

Bob

Entrepreneurs should be judged by final results.
If someone spends $+ and brings $$$$$+ to shareholders then kudos to him. It is better than spend $- and have ROI $$-

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