svbiz (9)
Sweat Equity
A modern socially acceptable form of labor exploitation where the allure of an infinitesimally small probability of success entices normally intelligent people to freely exchange their time, skills and social capital for the ridiculously accessible status of "working on a startup."
Typically equity-for-anything, though the most vivid examples are commission-only sales roles: if you take on all of the up front risk to get people interested in our product (with zero effort from us), you might make a little money in the process.
svbiz almost 9 years agoMike Judge
Saving our country from itself since Idiocracy.
Patron Saint of all SV ludicrousness. Evidence: http://www.theinquirer.net/inquirer/news/2356389/top-10-silicon-valley-quotes-minimum-viable-product
svbiz almost 9 years ago