Deliveroo employees are getting shares, riders are getting nothing

创业投资 2018-05-16 阅读原文

Food delivery startup Deliveroo
is feeling generous today. The company is handing out
equity to all full-time staff members. In other words, 2,000 employees are going to receive the equivalent of $13.5 million inshares.

“Our phenomenal growth and success has been made possible thanks to the hard work, commitment and passion of the people who make this company what it is,” co-founder and CEO Will Shu told Reuters
. “And that deserves recognition which is why I want all employees to be owners in Deliveroo and to have a real stake in the company’s future as we expand and grow.”

This is a great way to prove that you care about your employees. And yet, there are a few caveats.

First, the company is currently worthover $2 billion. In total, Deliveroo is just handing out 0.675 percent of the company to its employees. I’m sure plenty of early employees already have equity.

But those who joined more recently aren’t likely to get rich over this — it represents a $6,750 equity bonus per employee on average. And shares usually vest after a certain amount of time.

Second, this is the perfect example of the gig economy. In addition to the usual benefits, full-time employees are getting rewarded once again. If you’re a self-employed rider, Deliveroo doesn’t want to thank you.

Arguably, Deliveroo still thinks that riders are disposable. They might be the ones who pick up food in restaurants and hand it to customers, but they will never be full-time employees.

Sure, Deliveroo and Uber Eats are now providing free accident insurance coverage
, but it mostly covers hospital bills. Riders have been asking for better rights, and this insurance package is just a good way to ease the pressure.

Working with contractors at scale is the backbone of Uber, Deliveroo and many other on-demand startups. This way, startups don’t have to pay the minimum wage or expensive benefits. Startups can also terminate their relationships with their ‘partners’ without any consequence.

It’s a great way to pressure your contractors in working more for less money. And today’s move by Deliveroo is further proof that riders are just an afterthought.




考拉阅读赵梓淳:做中国式分级阅读,让孩子看到适合他的文字... 由清科集团、投资界、新芽主办的2018中国创业武林大会于2018年9月18-20日在北京香格里拉大酒店举行。本届大会设立包括人工智能、企业服务、高端制造、新零售、泛娱乐、金融科技、医疗科技与器械等在内的16场行业视听风暴,横跨3大热门领域...
黄卫伟:华为的管理体系就是基于“不信任”... 虎嗅注:第三届华为全联接大会开幕的前一天,中国人民大学教授、博导,华夏基石领衔专家,华为首席管理科学家、华为蓝血十杰之一黄卫伟,接受了媒体的采访。黄卫伟详细阐释了华为的内部管理方法论和人才价值观。他提到,华为引入的了一套基于“不信...
3 Things Every Entrepreneur Should Know Before Sta... When it comes to running a business, my best advice to any new owner, founder or executive of a company is to listen to ...
蚂蚁金服:互联网与线下商业深度融合将成下一个风口... 蚂蚁金服开放日到蓉城:互联网与线下商业深度融合将成下一个风口 下一个创业风口在哪儿?蚂蚁金服:互联网与传统行业融合机遇多 开放多项技术能力,蚂蚁金服:传统行业与互联网深度融合机遇多 海归创业吸引力仅次于北京、上海,跻身全国三甲,...
下辈子别创业了,如果… 一个创业者走了,朋友圈刷屏。知乎上很多问题开始讨论事件相关人员的身世,背后的动机等等。 不认识这位兄弟,甚至不了解他的产品,也更无法评价其中的是非曲直。一个连创业都敢尝试的人,竟然最终还是没有过得了这一关。只想跟他说 ...