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no, but the founders founded something. The emploees just got a job. btw A job that didnt exist before the founders did their thing.
by njharman 16y ago
no, but the founders founded something. The emploees just got a job. btw A job that didnt exist before the founders did their thing.
- frederickcook 16y agoThis is the key. For founders who are not intrinsically fundable, an incredible amount of risk is removed between the time of initial founding and when a third-party assigns a value to the company. 1000x seems reasonable.
- georgieporgie 16y ago> The emploees just got a job. Which is generally funded by VC money. In the formula of money -> jobs -> more money, the founder doesn't necessarily play such a meaningful role. If he hadn't taken VC money to create the company that contains the jobs, someone else would have.