Rather than retiring on that money, I'm back at it again, and I'm working even harder.
I know what mediocrity and complacency is. I've worked surrounded by it, and I'll do anything to avoid it. I don't want that bullshit where coworkers strive to do the minimum and everybody plays hot potato to see who will take responsibility.
I'll take responsibility. And I'll take the high comp that comes with it. Not have some union pencil in my salary band according to arbitrary rules that don't directly map to solving customer problems.
It's an entirely different matter if you stand to make huge gains if the company succeeds. That is not the majority of jobs in the field. Most of us will never even have the opportunity to be involved in one of those. That's not what this discussion is about.
But don't enforce that on your underlings. I have such a boss and let me tell you, it sucks!
Your underlings have lives and passions that have nothing to do with you or your work, and more importantly they don't have that founders' equity and opportunity for a 10-figure exit.
If you want that kind of excellence, be prepared to pay for it dearly. Market-rate TCO is not nearly enough.