> Got sick of the people aspect and the fact that my employer takes 99% of the value I create
You are on ycombinator, where there is all the information you need to know on how to capture your value. If I deconstruct your complaint, it is inherently capitalist. If you want to receive profits you need to be a risk-taking owner.
Why is it fair that employees do not get paid what they are “worth”?
Firstly, a startup example. What you perceive as profits, are often the returns for risks. Risks a well paid employee doesn’t take. A VC needs to get 30x* returns from the 1 in 10 successes they get, just to break even on the risk adjusted returns for an investment where capital is locked up for more than a decade. Employee’s risk free wages are sometimes the largest cost for a startup. If you are a very early employee then only you have the incentive to negotiate ownership (and also deal with all the risks of ownership!).
Secondly, an example of an existing business. Apple is a business that makes huge profits: Apple pays as little as possible to create as much profit as possible. A new employee never created the money machine (e.g. Apple), instead the employee joined it long after it was created, and the employee has no right to claim to the profits that the machine creates. Anytime you are late to the party to become an employee of any business, you will struggle to claim profits, and will only receive what you beg for. Capitalism 101.
I know all the above is stating the completely obvious, but your statement is simply not coherent with reality, and that disturbs me. YC is about as capitalist as you can get so your statement seems jarring - HN is one of the few places founders can get good advice.
If you wanted to “get your value”, perhaps join a cooperative (where membership is ownership). Or go to a country where rewards are spread more evenly to everyone. Or parse the benefits of being in the top 1% of the world as your rewards (assuming you work as a programmer in the US, you are likely in the top 1% of earners in the world).
Actually you appear pretty angry, bitter and disappointed with your work. Perhaps investigate if you can learn a new attitude and be more satisfied with what you have. Just becoming an owner is unlikely solve your negative feelings IMHO. Note that I know plenty of people that echo what you are feeling - it is natural and you are definitely not alone!
Disclaimer: I am a well off hippy capitalist that chooses to live in a socialist democratic country. I have been a whiner about wages in the past, and I have had a minor win at the capitalist lottery.
PG quote: “Great programmers are sometimes said to be indifferent to money. This isn't quite true. It is true that all they really care about is doing interesting work.”.
Quote from https://corecursive.com/leaving-debian/
”””
Adam: Around this time is when I first heard of Joey. And the thing that caught my interest about him was he looked like this platonic ideal of a hardcore software developer. He was just working on what he cared about and living out in the woods. At the time, everybody was talking about entrepreneurship and startups and how you can work crazy hard as a software developer and make a whole bunch of money, and then you’d be set for life. And here was Joey, and he had been through the first bubble and it seemed like he had cracked the code. He said, you’re looking at the numerator how much money you need to do what you want, but I’m looking at the denominator. I’ve just decreased my cost of living. I made the Zen move, so instead of hitting a big score, I can just do what I want right now. At least this was my impression from the outside. So that’s really the question, I wanted to ask Joey: Was this idyllic life you’ve built in a cabin in the woods as great as it looks?
Joey: There’s always a backstory that might not live up to the romanticism. But I certainly do feel very lucky that I do have a lot of ability to take some time and just think about an idea and then be, okay, I’m going to go spend whatever amount of time it ends up taking, because it’s worth doing this. It’s hills around me here and a few mountains in the distance, but dense forest and I’m kind of down an oval bowl with basically completely isolated from whatever’s going on, except for whatever noise might filter up from the distant road a mile away. And yeah, it’s a very calm and peaceful place. And for me that’s more of just a background thing, I just know that, I can sit down and work for five hours and that’s a really nice thing. And I know that if I need a break, I can go and easily take a walk and refresh my mind. And so yeah, it’s the little things really that make living in a rural place nice. I wish more people have that ability and I feel very, very lucky to have it right now. Who knows how long it will continue.
”””
You are on ycombinator, where there is all the information you need to know on how to capture your value. If I deconstruct your complaint, it is inherently capitalist. If you want to receive profits you need to be a risk-taking owner.
Why is it fair that employees do not get paid what they are “worth”?
Firstly, a startup example. What you perceive as profits, are often the returns for risks. Risks a well paid employee doesn’t take. A VC needs to get 30x* returns from the 1 in 10 successes they get, just to break even on the risk adjusted returns for an investment where capital is locked up for more than a decade. Employee’s risk free wages are sometimes the largest cost for a startup. If you are a very early employee then only you have the incentive to negotiate ownership (and also deal with all the risks of ownership!).
Secondly, an example of an existing business. Apple is a business that makes huge profits: Apple pays as little as possible to create as much profit as possible. A new employee never created the money machine (e.g. Apple), instead the employee joined it long after it was created, and the employee has no right to claim to the profits that the machine creates. Anytime you are late to the party to become an employee of any business, you will struggle to claim profits, and will only receive what you beg for. Capitalism 101.
I know all the above is stating the completely obvious, but your statement is simply not coherent with reality, and that disturbs me. YC is about as capitalist as you can get so your statement seems jarring - HN is one of the few places founders can get good advice.
If you wanted to “get your value”, perhaps join a cooperative (where membership is ownership). Or go to a country where rewards are spread more evenly to everyone. Or parse the benefits of being in the top 1% of the world as your rewards (assuming you work as a programmer in the US, you are likely in the top 1% of earners in the world).
Actually you appear pretty angry, bitter and disappointed with your work. Perhaps investigate if you can learn a new attitude and be more satisfied with what you have. Just becoming an owner is unlikely solve your negative feelings IMHO. Note that I know plenty of people that echo what you are feeling - it is natural and you are definitely not alone!
Disclaimer: I am a well off hippy capitalist that chooses to live in a socialist democratic country. I have been a whiner about wages in the past, and I have had a minor win at the capitalist lottery.
* https://techcrunch.com/2017/06/01/the-meeting-that-showed-me...
PG quote: “Great programmers are sometimes said to be indifferent to money. This isn't quite true. It is true that all they really care about is doing interesting work.”.
Quote from https://corecursive.com/leaving-debian/ ””” Adam: Around this time is when I first heard of Joey. And the thing that caught my interest about him was he looked like this platonic ideal of a hardcore software developer. He was just working on what he cared about and living out in the woods. At the time, everybody was talking about entrepreneurship and startups and how you can work crazy hard as a software developer and make a whole bunch of money, and then you’d be set for life. And here was Joey, and he had been through the first bubble and it seemed like he had cracked the code. He said, you’re looking at the numerator how much money you need to do what you want, but I’m looking at the denominator. I’ve just decreased my cost of living. I made the Zen move, so instead of hitting a big score, I can just do what I want right now. At least this was my impression from the outside. So that’s really the question, I wanted to ask Joey: Was this idyllic life you’ve built in a cabin in the woods as great as it looks?
Joey: There’s always a backstory that might not live up to the romanticism. But I certainly do feel very lucky that I do have a lot of ability to take some time and just think about an idea and then be, okay, I’m going to go spend whatever amount of time it ends up taking, because it’s worth doing this. It’s hills around me here and a few mountains in the distance, but dense forest and I’m kind of down an oval bowl with basically completely isolated from whatever’s going on, except for whatever noise might filter up from the distant road a mile away. And yeah, it’s a very calm and peaceful place. And for me that’s more of just a background thing, I just know that, I can sit down and work for five hours and that’s a really nice thing. And I know that if I need a break, I can go and easily take a walk and refresh my mind. And so yeah, it’s the little things really that make living in a rural place nice. I wish more people have that ability and I feel very, very lucky to have it right now. Who knows how long it will continue. ”””