Comment by mrcwinn
1 day ago
I understand that all employees have equal salary pay (apart from sales people who can earn more and are valued higher). Do all have equal equity and voting rights, at least within common stock?
And since transparency is a core value and principle, will you commit to sharing your cap table publicly?
I appreciate that our approach to compensation leaves some with overwhelming feelings of whataboutery, but no, we (of course?) do not have equal equity: as we have said (several times?) equity broadly compensates for risk -- and risk has gone down over time. (I used to tell people to "value the equity at zero"; I don't say that any longer because it plainly isn't.)
In terms of the cap table: that's a bit of an odd request? On the one hand, there are no real secrets hanging out on our cap table -- but on the other, based on your tone, it doesn't feel like the request is terrible earnest? (And, I hasten to add, transparency is a value -- not a principle.[0])
[0] https://rfd.shared.oxide.computer/rfd/0002
Some earnest, light feedback: to my ears, "kick butt" sounds about the same as one of those euphemistic substitutions for swears like "gosh we darn well try our darndest".
It's just very funny to lead with that is all.
It's a Scott McNealy quote[0].
[0] https://www.information-age.com/mcnealy-and-ellison-usher-in...
Hey Bryan
A good rule of thumb is to always ask to see the cap table as an early employee. Question them when they don’t. Probably not so much with 0xide at series C, but definitely demand it at preseed and series A.
Hope all is good with you bro
[flagged]
Clearly, you find Oxide's approach very upsetting; in the words of Laurie Bream, "look inward."
[dead]
[flagged]
Hey man,
You’re not getting across a reasonable point here. Maybe take a step back and think about what you really want to say.
Clearly something is landing wrong, but exactly what is not being well communicated.
2 replies →