5 ms·

Equity isn’t money, it’s a lottery ticket.

• maximilianroos 8y ago
  Lottery tickets are worth more than $0
  • emilecantin 8y ago
    Yes, but not much more. E.g: I can go right now get a ticket for a $50M prize for 5$. How much do you pay for equity (in the form of reduced salary), and what's the expected upside?
    • learnstats2 8y ago
      And I would value that lottery ticket at about $1 today - with the understanding that: a) the face value is over-stated by around 100%, and b) I have no hope of riding out the variance, so the gamble is a poor one for me.
  • patrickthebold 8y ago
    Some are. Most aren't.