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I think the problem is most people (even VCs) can't tell the difference between a "first class startup" and a "second rate start up." Your comment has a ring of
by narrowrail 11y ago
I think the problem is most people (even VCs) can't tell the difference between a "first class startup" and a "second rate start up." Your comment has a ring of elitism to it, not to mention a lack of consistency in phrasings that bothers us pedants.
- danieltillett 11y agoThey certainly can tell the difference. The ones they back are first class and the ones they don’t are second rate :P I was more making the point that it is not wise to turn down a good salary with an established company for the tiny level of equity that you will end up with at a startup and if the startup is not perceived by the investor community as being the next unicorn then this equity will be worthless.