3 ms·
I see the 1000x as a reflection of the risk they undertake. Employees, for 100% probability of receiving a specific amount of money exchange their time and eff
by chegra 16y ago
I see the 1000x as a reflection of the risk they undertake.
Employees, for 100% probability of receiving a specific amount of money exchange their time and effort while founders for a 10% probability of receiving a unspecified amount of money exchange their time and effort.
Essentially, for a lower chance of success they make it possible to receive unlimited rewards or go broke(losing years of work and to be despised by all and suitably fit for ridicule and to be made into a parable.).
Life is indeed fair, hence you can't have your cake and eat it. You can't have security and unbounded success, something has to give.
Fortune favors the bold - Virgil