4 ms·

This is ... stating the obvious? I'm not sure what the author's point is, here.

jakelazaroff 8y ago
That the tech industry is more than the same small group of dudes, and we should try to spread the wealth it generates more equitably?
- umeshunni 8y ago
  Sure - start your own company and generate some wealth then. The article is pure ragebait.
  - jakelazaroff 8y ago
    75% of venture-backed startups never return money to investors, let alone founders [1]. 44% fail after four years [2]. That's almost half a decade of your life. I'm sure the cash-out rate for early employees is even worse. Starting your own company is not a rational financial decision. Neither is working at a startup. Which is the point. [1] https://www.fastcompany.com/3003827/why-most-venture-backed-companies-fail https://www.fastcompany.com/3003827/why-most-venture-backed-... [2] https://smallbiztrends.com/2019/03/startup-statistics-small-business.html https://smallbiztrends.com/2019/03/startup-statistics-small-...
    - aeternus 8y ago
      So you're saying the Lyft investors took a significant, almost irrational risk, but should not be rewarded for that?
      - jakelazaroff 8y ago
        No, I'm saying that the founders and early employees (most of whom made comparatively little) took an irrational risk. They had to go more or less all in on one company for years of their lives. The investors took very little risk; they diversified it with tens or hundreds of other investments.
      - anth_anm 8y ago
        What risk? They are slightly less rich? Vs putting up years of your life, working hard, dealing with the stress of an early stage company, and then walking away with what you would have made working at a big company anyway.
        sdinsn 8y ago
        > What risk? They are slightly less rich? Yes, that's financial risk.
- wait_a_minute 8y ago
  The risk and effort are not spread "equitably" so neither should the profits.
  - anth_anm 8y ago
    And yet those who risk the least walk away with the most. Because they gambled well.
  - sdinsn 8y ago
    That's an ignorant view on economics. You need money to make money, so obviously those with money (investors) are in a better place. Hard work doesn't go far when you can't afford to pay anyone.
veryworried 8y ago
The point is to stimulate rage by showing that some people make more money with less effort than others.

That the tech industry is more than the same small group of dudes, and we should try to spread the wealth it generates more equitably?

umeshunni 8y ago
Sure - start your own company and generate some wealth then. The article is pure ragebait.
- jakelazaroff 8y ago
  75% of venture-backed startups never return money to investors, let alone founders [1]. 44% fail after four years [2]. That's almost half a decade of your life. I'm sure the cash-out rate for early employees is even worse. Starting your own company is not a rational financial decision. Neither is working at a startup. Which is the point. [1] https://www.fastcompany.com/3003827/why-most-venture-backed-companies-fail https://www.fastcompany.com/3003827/why-most-venture-backed-... [2] https://smallbiztrends.com/2019/03/startup-statistics-small-business.html https://smallbiztrends.com/2019/03/startup-statistics-small-...
  - aeternus 8y ago
    So you're saying the Lyft investors took a significant, almost irrational risk, but should not be rewarded for that?
    - jakelazaroff 8y ago
      No, I'm saying that the founders and early employees (most of whom made comparatively little) took an irrational risk. They had to go more or less all in on one company for years of their lives. The investors took very little risk; they diversified it with tens or hundreds of other investments.
    - anth_anm 8y ago
      What risk? They are slightly less rich? Vs putting up years of your life, working hard, dealing with the stress of an early stage company, and then walking away with what you would have made working at a big company anyway.
      - sdinsn 8y ago
        > What risk? They are slightly less rich? Yes, that's financial risk.
wait_a_minute 8y ago
The risk and effort are not spread "equitably" so neither should the profits.
- anth_anm 8y ago
  And yet those who risk the least walk away with the most. Because they gambled well.
- sdinsn 8y ago
  That's an ignorant view on economics. You need money to make money, so obviously those with money (investors) are in a better place. Hard work doesn't go far when you can't afford to pay anyone.

veryworried 8y ago

The point is to stimulate rage by showing that some people make more money with less effort than others.