Your hourly rate will be about $19/hour for 90 hours a week mandatory.
Oh, and because you are so important, you will wear a beeper...even in the shower.
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John Masterson |
I.E $19/hr and 90 hour weeks... | #1 | ||
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Translation: your "superstar's pay" will be primarily artificially created bragging rights and phony status.
Your hourly rate will be about $19/hour for 90 hours a week mandatory. Oh, and because you are so important, you will wear a beeper...even in the shower. On the Web, nobody knows you're a dog...
Last Edited By: John Masterson 05/12/08 10:07:08.
Edited 4 times.
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Poster Rabid |
JM - I don't think this one is like that | #2 | ||
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I informally checked on this and the pay is a lot higher, but the hours are probably somewhere between normal and what you said. I also found out that the
stock options are pretty good. I also did some background work and found they are pretty well financed.
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John Masterson |
#3 | |||
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Poster,
Yes, well, maybe it would be a fun experience for a person getting started. After all, it is their own perception of themselves that matters, and if this job makes them feel special, then they would be happy about that. And just maybe it might be a great, fun place to work. I perceive that today's young (and I mean young!) CEOS at startups are Super Capitalists: get the most work out of your underlings, feed 'em free pizza, and then YOU take all the cash. They are not children of the 60s with visions of improving the lot of the poor. It's a generalization, maybe, but I read a blog by one of these types, and that's how it really sounded to me. On the Web, nobody knows you're a dog... |
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Poster Rabid |
JM - I initially had the same impression as you | #4 | ||
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I think the work environment is somewhat (high expectations) like Codger implied, but then I found out that they are distributing 15% of the stock to 50
employees. If the company is even partly successful and maybe evaluates to 500 million in 2 years, well ...you can do the math but I get 1.5 Mil each. I know
thety are ahead of schedule on their inventory of search pages. All this info is public from internet searches I did.
Also they have a lot of money in the bank, enough for 4 years. and ... due to the cultural-specific nature of their business .. (drum roll).. they only hire Americans!! |
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codger |
#5 | |||
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"they only hire Americans!!" Now that is a real plus! How can anyone project $500 million two years in the future? Is this supported by a business
plan? Is it projected revenue, or is it the company's anticipated net worth? Or? Is it a WAG? I would want to know a lot more than their cash position
before I signed on. You say that they have cash enough for 4 years. What is included in that projection?
I can't help it. I'm a financial guy at heart, and have little confidence in someone else's unsubstantiated numbers. As I said earlier, I couldn't hack the inflated egos for longer than 10 minutes, for any amount of payout. I value my self esteem and my sanity more than money. There is hardly anything in the world that some man cannot make a little worse and sell a little cheaper, and the people who consider price only are this man's lawful prey. - John Ruskin (1809-1900)
Last Edited By: codger 05/12/08 15:42:34.
Edited 2 times.
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Poster Rabid |
well here is what I know | #6 | ||
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OK you got me on the 2-year 500 Million one. I was probably optimistic, but they have to be worth 100 Mill right now based on the 5:1 venture capital ratio.
With Microsoft in a buying mode, search is getting more valuable. I assume that they will build value and sell before they run out of money. The VC's will
see to that.
If they didn't have a plan, I don't think Sequoia, Elon Musk, CBS & others would have invested (rather heavily). Investors like this can provide enough outside influence and partnering to make it happen. As we all know, it's the hype and perception that makes value. They started last year with enough venture money to last 5 years. They now have 50 employees with enough cash to last 4 more years. The goal was create the top 10,000 search result pages. They exceeded their goal and are now around 50,000 search result pages. It looks to me that the site is attractive to the yuppie "pop" crowd searching for news, video games, entertainment, "how to" stuff. No pages on "how to program a Vax" , but I did find this http://www.mahalo.com/Sheyla_Hershey More seriously, it is the simple organization of each search result page that I like, with a nice guide's summary at the top of each one. There is currently no significant revenue as far as I know, but the plan seems to be to build a brand and a following. They are still in Beta and going strong. |
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pxsant |
"evaluates to 500 million in 2 years" | #7 | ||
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You are a big time optimist. The odds of a small company being worth even a fraction of 500 mil 2 years from now is very remote. And, regardless of their
perceived value at that time, the stock is worthless unless and until the company goes public. As far as I can tell right now, they are still privately held.
Just because they are backed by a venture capital group does not mean they will ever go public. Any time you are served a carrot of stock options in a
currently non public company, you need to consider it a remote potential benefit. It should not greatly influence your decision on whether to accept a
position or not.
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| Wanted - FT System Engineer at Mahalo in Santa Monica | 05/11/08 18:27:19 | Poster Rabid |
| Re: Wanted - FT System Engineer at Mahalo in Santa Monica | 05/12/08 08:05:36 | codger |
| Codger - I don't know Jason | 05/12/08 09:51:35 | Poster Rabid |
| Re: Wanted - FT System Engineer at Mahalo in Santa Monica | 05/12/08 11:00:47 | codger |
| I.E $19/hr and 90 hour weeks... | 05/12/08 08:22:46 | John Masterson |
| JM - I don't think this one is like that | 05/12/08 11:03:49 | Poster Rabid |
| Re: Wanted - FT System Engineer at Mahalo in Santa Monica | 05/12/08 11:19:38 | John Masterson |
| JM - I initially had the same impression as you | 05/12/08 15:03:21 | Poster Rabid |
| Re: Wanted - FT System Engineer at Mahalo in Santa Monica | 05/12/08 15:35:22 | codger |
| well here is what I know | 05/12/08 19:55:38 | Poster Rabid |
| "evaluates to 500 million in 2 years" | 05/12/08 15:49:53 | pxsant |
| Looks ok to me! | 05/12/08 15:27:06 | G0ddard B0lt |