From: Lee Daniel Crocker (lee@piclab.com)
Date: Fri Feb 08 2002 - 14:52:49 MST
COWS.COM:
You own two cows, so you send a business plan to 20 venture
capital firms about how you can make money by giving away milk
and selling ad space on the cartons. As the venture capital
runs out, you issue an IPO based on your projections that your
research team will develop new milking technology any day now.
When your milking engineers tell you that they can't get any
more milk from a cow by working 60-hour weeks, you offer them
more stock options if they'll work 80-hour weeks solving the
problem. The good engineers, who might actually have solved
the problem, all work until their options vest, then retire,
leaving you with junior engineers whose options all become
wallpaper in another year when the company collapses and
liquidates all its cows to a traditional dairy farm started
by one of the old engineers.
-- Lee Daniel Crocker <lee@piclab.com> <http://www.piclab.com/lee/> "All inventions or works of authorship original to me, herein and past, are placed irrevocably in the public domain, and may be used or modified for any purpose, without permission, attribution, or notification."--LDC
This archive was generated by hypermail 2.1.5 : Fri Nov 01 2002 - 13:37:38 MST