from Hacker News

How do you treat your kids when your startup is a success?

by Stubbs on 1/15/09, 12:33 PM with 15 comments

• by pclark on 1/15/09, 2:23 PM

  Peter Jones seems like an all round top guy.

  Does he do much stuff on the net? startups or such?

• by decode on 1/15/09, 8:20 PM

  Philip Greenspun suggests something similar:

  http://philip.greenspun.com/materialism/early-retirement/

  He also adds another clever idea:

  "Can we tweak the $N bonus idea at all? What if a kid becomes a repulsive yuppie despite the lack of financial necessity? Won't his siblings become envious when Chad, Jr. gets a $3 million check from Chad, Sr. to supplement his $1 million/year earnings at J.P. Morgan? Perhaps there should be a sliding scale for the bonus where the first $100,000/year is muliplied by 4, the next $100,000 by 3, the next $100,000 by 2, and the rest of the kid's income is not subject to a parental bonus. Or there could be a lifetime cap of $10-20 million per kid (no Gulfstream for Johnny :-( )."

• by vaksel on 1/15/09, 8:06 PM

  The 2x payout is a good idea. If the kid grows up a screw up, they still won't starve on minimum wage. If the kid grows up to get a mediocre job making 50K/yr, suddenly they are pretty well off. If they push themselves and earn 100K...they get 200 which is quite good.

  Good motivator for them to work their ass off

• by TomHod on 1/15/09, 6:46 PM

  This is good too from the same site - top Dragons Den spoofs: http://launchlab.co.uk/article/Business-Blog/Top-five-Dragon...

• by Jimclev on 1/16/09, 1:18 PM

  Good to see, so many celebs (wealthy people) have nightmare kids. 10 seconds thought will give you a list of awful/useless children.

• by dimitry on 1/15/09, 2:41 PM

  To answer the question in the title.. I don't know yet :)