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Comment by swyx

1 day ago

> we achieved an EBIT margin of 65%

isn't it sensitive to disclose this kind of info when you don't have to? are you worried about your employees all demanding raises when they see this?

It's Europe; salaries suck across the board. That's the market, so there are no competing offers. Then again it's incredibly hard to fire people. Maybe they should start a union after all.

  • I don’t give employees (and stable freelancers/contractors) the minimum I can get away with; I give them a fair share of the profits on top of their regular salary.

    I’m not sure how common this model is in Europe, but it has certainly helped me keep my best employee with me throughout the entire journey and feel much less alone in my decisions—especially at the beginning, when things are harder.

    Plus, it's just more fun to share when you can.

the alternative is a VC-backed startup with millions in the bank. employees aren't clueless, just pay people fairly.