Bonuses at Startups

Eric Paley of Founder Collective wrote a great blog post earlier this month: "Bonuses are toxic at startups” (which was later republished on CNN Money).

In my years working in VC (the first time I have used this phrase), I found myself in complex situations about bonuses with the leadership of several startups, but had not stepped back to think about the underlying patterns. I agree wholeheartedly with Eric’s analysis.