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I advise my friends to do the same, but often realize that like you have found, they aren't really equipped to ask the question in an effective manner even if I

I advise my friends to do the same, but often realize that like you have found, they aren't really equipped to ask the question in an effective manner even if I tell them what they need to ask. In that light the "assume your equity is worth zero" really starts to be a good self protection mechanism.

markbnj 10y ago
That's the approach I take. I tell them that I will think of their equity like a bonus, and I will be happy to work hard in anticipation of getting something from it, but probably will not trade real dollars in return.