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Thank you We sneak in the options discount Well if

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he had normally makes a yeah eighty grand a year

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doing a key function at ibm at your startup you

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might only make fifty grand a year that is fifty

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grand in cash Why only fifty grand especially since at

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a start up you'll work sixty five hours a week

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instead of the required union Forty would ibm Well because

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your founder just doesn't have the money to pay you

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more you're not the only employee there and if he

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can save thirty grand in cash over twenty employees well

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that's six hundred thousand bucks a year less cash that

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he needs to raise from outside investors whose ownership positions

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would then dilute that founders and your ownership In reality

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the founder would rather give his employees a slice of

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his pie then give that slice to investors and obviously

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having a meaningful ownership stake in the company usually makes

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employee behavior better Employees act like owners and use their

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pencils until they're down to the nub They turned the

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lights off to save electric bills when they leave and

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they work weekends when they have to do so without

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any whining It's just how owners of a company work

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and if you're not up for that kind of ownership

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vibe or you want the opposite well u s postal

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service is still hiring So are america's best and brightest

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the amazingly talented people who run the psa but okay

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you're in this for more than love There's the money

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part and along with your below market fifty k salary

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also might have gotten say one hundred thousand stock options

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is part of your employment package And yet it's a

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package worth noting because you'll likely have less good health

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care benefits vacation time masseuse is and free lunches as

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well at your startup So you better believe the company

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is going somewhere or you'd better really love the work

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All right well your package at a startup is likely

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not much more than the low salary and the stock

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option you got granted Oh and coffee startups usually get

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the notion that a caffeinated workplaces a productive workplace yeah 00:02:14.353 --> [endTime] like that

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