Comment by jedberg

3 years ago

Yes, the first part of the philosophy, pay top of market. Not the second part, where they employee gets to choose their level of exposure to investment risk. But Netflix is a public company, and OpenAI is not.

If I can’t use “the pay” to exchange for goods and services when I earn it, it’s not “pay”

  • Obviously wrong - a company car or a gym membership plan are part of your pay even though you can't use either to pay for goods and services

    • And I’m still trading labor for compensation that I’m exchanging for goods and services.

      What type of goods and services can I exchange for illiquid equity or profit sharing that may or may not come years later?