Consultants trade variability in cash flow due to scheduling / credit risk to firms in exchange for getting ~30 cents on dollar as a W-2.
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VC firms have essentially outsourced market risk to angels and YC / 500 Startups / etc.
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There's a whole lot to be said about the founder / early stage employee / later stage employee / "I'll work at AppAmaGooBookSoft" decision.
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thus, collateralized technical debt obligations were born.
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