that's a bit extreme, but a flavor of this was done by @kentgoldman at Upside - he gave his founders carry in his funds. Likely 1st of its kind.
One of my favorite trends is venture capitalists who support the DSA. I would love to see them step up and rebrand as venture socialists - take a salary from the 2% fee, then distribute the 20% carry to the founders of their failed portfolio companies.
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It was sarcastic :) but yes, Kent’s model is awesome.
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Also is this a trend?! Fascinating
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Trend according to my twitter follow bubble
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Every wire transfer comes with free copies of Stubborn Attachments & High Cost Of Good Intentions
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Socialism is about the workers owning the means of production. Startups with stock programs are one of the only places where 'workers' can seriously hope to cash in on the equity riches of the company they work for. The disagreement might lie elsewhere ;)
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Agree with the sentiment, but the reality of preferential share classes I think dampens the excitement.
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they already redistribute from capitalists (their LPs who seem to have too much capital) to the needy (nerds whose companies mostly fail)
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For a discussion in person! Unsure if the DSA is what people think it is...
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