> And sure enough, in the wake of shifting towards restricted stock and away from stock options, Microsoft's stock has been flat as a pancake. The incentive works.
Does that "flat" include regressions for other factors? There might be one or two other things that affect their stock price.
> A specific form of this dynamic in a startup is when you have multiple founders, of whom one is the CEO. The founder who is the CEO inevitably discovers that it becomes very hard to stay close personal friends with the other founders. As they say, it's lonely at the top -- if you're doing your job right.
What with the emphasis of YC on having cofounders, and being on very good terms with them, I'd be curious to hear PG's take + any of the YC people taking a more long-term approach.
Comments
Very nice. A few comments:
> And sure enough, in the wake of shifting towards restricted stock and away from stock options, Microsoft's stock has been flat as a pancake. The incentive works.
Does that "flat" include regressions for other factors? There might be one or two other things that affect their stock price.
> A specific form of this dynamic in a startup is when you have multiple founders, of whom one is the CEO. The founder who is the CEO inevitably discovers that it becomes very hard to stay close personal friends with the other founders. As they say, it's lonely at the top -- if you're doing your job right.
What with the emphasis of YC on having cofounders, and being on very good terms with them, I'd be curious to hear PG's take + any of the YC people taking a more long-term approach.