HOTorNOT: Seven Years In

James Hong:

We learned a big lesson here: don’t expect smart, young people to do anything that you wouldn’t do yourself. Jim and I both had to admit, if we were 22 years old, we wouldn’t stick around running someone else’s cashcow for no equity, even if we earned salaries 2-3x the normal wage. We either had to let them go or give them equity.

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About Andy Wibbels

Andy is an award-winning blogger and author of the book Blogwild! A Guide for Small Business Blogging. His work has been featured in The Wall Street Journal, USA Today, Entrepreneur, Wired, Business Week, Forbes, and other national and international media. He was worked at several San Francisco startups including Typepad, Get Satisfaction, SInMobi, Keas, and Mindjet. Currently, Andy is Director of Marketing at Lucidworks. Tw · Fb · G+ · Li

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