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Either way the point still stands: raising too much money transfers the economics and control away from the people involved in day to day operations. As employ
by semerda 7y ago
Either way the point still stands: raising too much money transfers the economics and control away from the people involved in day to day operations.
As employees get more educated around stock options I’m certain their risk profile will change and founders will find it harder to rally a tribe around airy promises of a future exit.
- acdha 7y agoI’d have an easier time agreeing with your last point if I didn’t remember thinking the same thing around 2001. Part of why this model works so well for the owners is that there’s always a fresh crop of young people who love the heavily-marketed dream and are willing to devote most of their life to making someone else rich, never realizing how badly outclassed they are by the money guys.