Giving out equity in startups benefits ownership way more than employees. It allows the owners to push employees harder and harder because “you’ve got skin in the game now… you’re an owner.” No you aren’t. Owning less than 1% of anything isn’t ownership.
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@uber is an exception rather than a norm. You can t pick an exception to prove a point
You can prove this point by picking exceptions, because the exceptions make a lot of people rich.
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I haven’t won the lottery yet but someone who did got very rich
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And even non-exceptions, mediocre bets posses the potential to make one a lot wealthier than pure cash salary
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The same statement applies to playing lotto. This conversations are all very unsatisfying as I haven’t come across any good data sets.
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@Airbnb@uber@dropbox@AngelList@Facebook@google are creating 10,000+ angel investors who are paying it forward. We have 4,000 accredited investors on http://thesyndicate.com gambling $1,000 to $7,000 each on highly speculative startups 30x a year now—all paying it forward! -
All over the world or in specific areas?
End of conversation
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If we take the first 50 employees of all startups and see how many of them got rich, we will see it's an exception given a high failure rate of startups . The ones who join after the
touches a high value shouldn't be counted as they could have made same money at FANG as well.Thanks. Twitter will use this to make your timeline better. UndoUndo
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