Think of equity like buying a call option for pennies and having them explode to dollars or tens of dollars per contract. It may (and likely will) expire worthl

Think of equity like buying a call option for pennies and having them explode to dollars or tens of dollars per contract. It may (and likely will) expire worthless, or the leverage from it is so great that you exit with a great return. As the post alluded to, starting a startup has gone from extremely rare to rare. And the number of startups that succeed in a significant way are less than that.