Inbox: "What do you think about equity in startups?" Consider it from the perspective of a founder choosing between businesses to run. There are some businesses where even the success case for the business is a failure for you. There are other much more attractive businesses.
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I know there are some people who *say* variants of that who do not *believe* it (i.e. would not take the trade "4 years of your equity for a new Playstation, let's go, it's worth zero"), but tribal beliefs become *very real* for young and unsophisticated people.
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"Are you claiming people saying that are being disingenuous?" There are beliefs near and dear to my heart where you could ask me about the truth value, I'd be an automatic yes, and where I'd not weight them highly when making consequential decisions. People are complex.
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Equity in a private company has effectively zero value. "When is IPO/acquisition", let alone questions of pricing and whether said company will last that long, make any alleged informational advantage highly theoretical. Equity in a public company is very different.
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No, it does not, and you should stop saying that where people can hear you. If equity in a private company has effectively zero value, you should be willing to do a variety of trades with me premised on holding you to that belief.
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I have traded equity for a 10k more hiring cash bonus. Not fizzy water. Imho better investment for me
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Also of note this equity means staying 4 years in mostly shit working conditions. This is a really bad bet. I tripled my income in that time by being able to move.
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