4 ms·

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.