Also one way VCs create value: candidates are effectively (v undiversified) investors, but companies will never open their books to them, making it hard to gauge their health. Sophisticated investors who *did* see the books and decided to chip in are a great proxy ht @kevinakwokhttps://twitter.com/snwmanst/status/1159658831032356864 …
I always enjoy this lens (employee as investor). One advantage that an employee has over an investor is that the employee only needs to make one investment every few years. So they can afford to be choosier / take more time to shop around.
