3 ms·
Actually, what is the 1000x risk for SV startup founders? They are not risking their own money and apparently not even their reputation (failed VC-backed founde
by yks 8y ago
Actually, what is the 1000x risk for SV startup founders? They are not risking their own money and apparently not even their reputation (failed VC-backed founders tend to be able to get VC capital again) so on the face their risk is just to lose a job, same as for any other employee.
- shrimpx 8y agoYeah exactly. Many of these founders are on their 2nd startup and are already millionaires. Some poor nth employee is in fact risking a lot by e.g. quitting their nice life in a city by relocating, or quitting a promising career. Yet the founders' massively disporportionate ownership is chucked off to "risk". I for one hope for market forces that will rebalance these discrepancies. Talented 1st employee shouldering most of the technical brunt taking <1% plus dilution is selling oneself to the dogs.
- snovv_crash 8y agoWhat you're risking is your health, physical and mental. Being a founder is a hugely stressful job, and everyone I've seen spend 5 years as a founder has aged more like 10 years in that time.