What is something that Past You wrote that you now disagree with? Why?
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Replying to @devonzuegel
I wrote that equity was likely to be worth zero, but I now believe that most companies granting equity are granting equity worth zero but most equity grants are non-zero, because companies that are past the great filter dominate hiring numerically.
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Replying to @patio11 @devonzuegel1 reply 1 retweet 4 likes
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Replying to @patio11 @devonzuegel
please, explain in less than a thousand words
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Large companies grant a LOT of equity and their grants are worth money. Small companies grant relatively little equity and their equity is usually worth zero, or nearly zero, because most go out of business or are acquired on terms that leave average employees with little money.
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Replying to @michaelmelanson @seanlinsley and
Since there’s far more small companies than large ones this means that, on balance, it’s as
@patio11 said: the average grant is worth money but the average company granting equity is granting worthless equity. (Did I get that right?)1 reply 0 retweets 4 likes
Essentially correct. I'd disagree with "small companies grant relatively little equity / large companies grant a lot of equity" if we're counting ownership percentages and not dollar amounts as of grant. Small companies can give 25 bps to 1% to an engineer; BigCo can't anymore.
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Ah yes, true, I was thinking in dollar value but you’re absolutely right that in percentage small companies grant way more.
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