3 ms·
A founder valuing their equity more than its actual worth is a classic example of the endowment effect [1]. [1] https://en.wikipedia.org/wiki/Endowment_effect
by QML 8y ago
A founder valuing their equity more than its actual worth is a classic example of the endowment effect [1].
[1] https://en.wikipedia.org/wiki/Endowment_effect https://en.wikipedia.org/wiki/Endowment_effect