I wish folks would actually talk about the real returns on startup equity more often. I understand the urge to talk about it like a "lottery ticket". But it's an investment like anything else. And you should gather info about it to decide if it's an investment you want to make. https://twitter.com/zadr/status/1013106779587301379 …
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e.g. For the first employee of a company which might or might not make it into YC, I feel like "lottery ticket" is approximately accurate, but there exist N companies which will hire material numbers of engineers this year and produce lifechanging outcomes for them.
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Is that a useful statement though? There are N number of winning lottery tickets that will produce life changing outcomes as well. The question is what are the numbers on that distribution? And is it a smarter investment than other things you could go with your time and labor?
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