I think there are ways to write substantially the same advice such that it wouldn’t elicit eyerolls. Let me try: The risk-adjusted equity rewards to startups increase markedly between Employee 1 and Employee 1,000, because very few Employee 1 pick a company which gets to 1,000.
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Employee 1,000 probably gets 3 orders of magnitude less equity but in a company which is 5 orders of magnitude more likely to IPO. Thus if you’re skilled enough to be employee 1 you should strongly consider being either founder 4 or employee 1,000 instead.
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Your thesis seems roughly correct, but the OOM estimates seem wildly inaccurate IMO.
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Would welcome corrections ;)
5:26 PM - 17 Aug 2018
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