The most memorable thing about Conde Nast's acquisition of Reddit in 2006 was how angry their lawyer was about the deal. These kids getting millions of dollars for nothing!
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The weird thing about this case was that it was so personal. It wasn't due to disagreements about strategy. He was offended by the idea of these young guys getting all this money.
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A prime example of zero-sum thinking. “How could these kids be richer than me‽ They didn’t even go to law school!”
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And the weird thing is that this doesn't seem to extend to movie stars, or athletes, or people in entertainment/media (and models) that can have the bulk of their earnings occur in their teens and 20s.
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I would absolutely read more of this book
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Lots of people do.
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Sounds like jealousy.
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People always treat money weirdly especially when it’s a partnership. It’s not about you v the partner it’s your returns vs the returns you would’ve gotten.
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Mid 90s HR convo I overheard: “why does a 25 year old need 50k a year? They live on light beer and pizza.” - VP of HR
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