from Gergely Orosz | by Gergely Orosz

On equity: "Our CEO doesn't believe in awarding equity to employees b/c it creates the wrong types of incentives. People stay hoping for a payday." I hear you. Companies that obviously did not get this memo include Microsoft, Apple, Amazon, Google, FB, Tesla, Twitter, Slack...

... not to talk about most of the fastest moving & innovative startups. What the same C-levels don't like to admit is how they *do* have large amounts of equity, and hoping for a payday is one of the many reasons they also stay. Aligning company and employee incentives works.

My writeup on equity in tech: what you need to know and why it's (very) important t.co/WxQ9pQh2mY A recent, in-depth book I reviewed and recommend: Equity Compensation for Tech Employees by @mcdickenson t.co/6TEUrj2eD8

Let's also add a few the companies in the same camp as this CEO (not allocating equity as it's the wrong incentive): Basecamp: t.co/BThdVwz65v Bunq (Dutch neobank): t.co/4gHVnEpEAV Mailchimp: t.co/qXn06hzGyI