Startup salaries + company culture

I woke up this morning thinking about startup salaries and how it impacts company culture. As I started drafting this post I started having a mad case of deja vu. After a quick Google search, I discovered an old post on the very subject many years ago.

It’s a bit dated but I think the main points hold up for sure.

The only additional comment I want to add is the importance of fairness and consistency.

At board meetings, directors are asked to approve employee option grants. Management proposes all the grants offered to employees and the board has the opportunity to ask questions, comment, reject or approve. At most board meetings, this is unfortunately not given the attention it deserves. Common symptoms include, rushing the topic at the end of the meeting with a few random questions about confirming the 409a price and how much of the option pool is impacted.

I encourage all founders and investors to treat these employee grants with more respect. More respect for the company, the investors, existing employees, future employees and the impact on culture. If you respect this issue deeply, employee grants could be transparent, there would be consistency to how each employee earns equity, terms would be consistent and so would percentage grants by role.

If the employee option grants are an ad hoc mess, then it likely means the founders and the board didn’t do it’s job fully. And while there might be short term benefit to speed, the long term impact always comes home.

Foggy mornings

(All images made with a Hasselblad 503cw on Kodak Tri-X 400 film. Developed and scanned by FW Photos in Texas).

A day in the office

Yesterday, I drove my son to school and went for a run with my wife. After my shower, I looked at my schedule and saw an afternoon of back to back video calls. I found it hard to fire up the home iMac and get going.

So instead, I made the last minute decision to head to my Spark office in downtown Boston. I’ve been there a total of 3 times since the pandemic started. It took me fifteen minutes just to find my temporarily misplaced office key fob. By the time I stepped off the elevator on the 8th floor, I had a wave of mixed emotions. I missed the noise of an office environment with conference rooms filled with colleagues and entrepreneurs. I missed my office. I missed seeing all the familiar faces.

But at the same time, it was nice to be back at my work desk. I made myself a cup of tea as I used to. I turned up my chill playlist on my headphones, I made my video calls, I took care of email and Slack — in between I went out for a coffee and took a walk around the block.

I am grateful for my privilege and the ability to do my work from home. But I really miss the office and all that it brings. Clearly, I didn’t appreciate that enough.

42 (film)

Last night Lauren and I watched 42. It came out in 2013 but truth be told we didn’t get around to watching it until the untimely and very sad passing of the great Chadwick Boseman.

The film is a powerful account of the Jackie Robinson story. Boseman is tremendous and you can’t but feel a sense of anger, shame, frustration, and inspiration after watching this movie. It’s absolutely the best baseball movie ever made and likely one of the best overall movies ever made.

I highly highly recommend it. I am just sorry it took me this long.

Selling my prints for the first time

I had a lot of plans for 2020. Along with a sense of optimism and a list of things I wanted to accomplish.

One of the things on my list was to begin selling prints of my photographs. I had always wanted to do this but it was easy to put off. Mostly due to deep insecurity about my work along with a serious case of imposter syndrome. But eight months later and with some gentle nudging, I took the leap and yesterday opened my little store on the internet.

As you can see, my shop only has a small selection of prints. And for now they are limited in size to either 8×8 or 8×10 depending on the camera that made the photograph. All of the prints came from old analog cameras and Kodak films. All are open edition inkjet prints made with archival inks on Canson Infinity Baryta Prestige paper, an acid-free paper made with alpha-cellulose and cotton with a 1/4″ border. All of them are the same price, $50. I’m likely going to rotate them every few months or so.

Yesterday, eight people bought my prints. Some bought more than one. I can’t tell you how happy this made me inside. I’m honored and proud. Much more than any “like” on a social app, that’s for sure.

It’s too early how this little shop will last. But for now, I’m glad I took this step.

The story behind this photograph

Lauren meeting Vice President Joe Biden, 2019.

Here’s a little story behind this photograph of my wife and Joe Biden

During the Democratic primary season my wife and I attended a number of events to see the various politicians that sought the highest office in our nation. All of them were quite compelling for a variety of reasons.

Last summer there was a Joe Biden event down the road from our house in Nantucket and so we went. At one point, we are introduced and my wife says, “Hi, I’m Lauren Regan (her maiden name) I think you knew my dad”

Literally, in less than second the Vice President beamed, held Lauren’s hands and said “Oh my god, your Denny’s daughter”. Then he went on to say he recently drove by their old family home in Wilmington and asked about Lauren’s mom. I grabbed my phone and took this photo.

Now Lauren’s dad was the former police chief in Wilmington, Delaware. But he died suddenly and much too early at age 50 back in 1993. A long time ago. The VP knew it was a tragic loss for Lauren and her family. You could see it in his eyes.

We only had a few moments with Joe Biden as a line was forming behind us with various folks that wanted his attention. But it was a moment I won’t forget.

The man is all heart.

Bright Eyes songs…

Bright Eyes songs, especially when you’re a certain age, sound as grandiose and all-consuming as your first heartbreak, and they work in good times and bad. Heartache hurts when you’re 22 and when you’re 42. A Bright Eyes song will age with you

~Bringing Back Bright Eyes

Jason Lee and the love of photography

I stumbled across this fantastic video on YouTube this summer, produced by Ilford (makers of photographic films) and highlighting the film photography of Jason Lee. For those not familiar, Jason was a professional skateboarder before becoming an actor. About 15 years ago, he discovered photography, and like so many of us, photography became a passion. The video itself is a work of art, and I have watched it a few times now. 

I became a bit curious about his work, which led me to this podcast with Jason and the folks at Kodak about a photography book he created called, A Plain View. The book is out of print, but the images on his website of the book are simply beautiful. I hope I can track down this book in the secondary market at some point, but for now, it’s unavailable to me. 

Few things that stand out with Jason photography:

-He doesn’t have a social media presence at all. He doesn’t collect likes or followers on Instagram or Facebook. His work is in books, short films, fine art prints and his own website. How refreshing.

-You can tell from his work that he loves the beauty of film photography, from exposing the film to printing the image. He mentions his use of old lenses not because they give him a photographic look that he seeks that cannot be matched by new gear or digital manipulation.

-His curiosity leads to experimentation. Jason’s work is across 35mm, medium format and large format. You get a sense that each format is intentional and also the photographer on a self exploration of the unknown.

As you can tell, I am quite taken with Jason’s approach to the craft and the final output. I highly recommend checking out Jason’s work on his website.