:: Bacon and Eggs ::
What is the difference between
being a contributor and being committed?
Think of bacon and Eggs, the
chicken is contributing while the pig is committed.
Nice. The same analogy plays well for Start-Ups. The one
big difference between founders and employees is that
the founders are committed and the employees are
contributing.
In the cubicles of an average
Start-Up a lot of people might not agree. After all,
they too give in the insane hours. Further more some
will say, it is actually the other way around - the
employees come do all the work while the Founders just
get to go to California to show the product. Some of
them even stay there, doing some "bis-dev" at
parties while the people here in the Wadi keep on
working and working and working.
True. But they are still the ones
who are committed and the employees are just
contributing. It's not the very harsh paragraphs a
standard investment agreement in an early stage start-up
tying the founders to the company to the company that do
it (yep, they have vesting too…). It's not the
fear of failing, this works for some but not all. It's
not anything material.
The more founders I see the more I
understand. It's a basic characteristic of the industry.
The money is invested in the founders and they are the
ones who should cook the dish. If all goes well, they
are also the ones who will get the biggest
share.
Now this makes me think of another
analogy.
All in all - the game is simple -
to get the biggest share of the upside you need to be a
pig - and you can do that if you are not a
chicken.
Wadi
Writer #1 (Gray)
WadiiList@Mail.com
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