4 ms·
Two things: 1) I hope they considered the equity equation- http://www.paulgraham.com/equity.html http://www.paulgraham.com/equity.html 2) The old VC joke - "E
by patrickk 16y ago
Two things:
1) I hope they considered the equity equation- http://www.paulgraham.com/equity.html http://www.paulgraham.com/equity.html
2) The old VC joke - "Equity is like manure. If you hoard it up in one spot, all you have is a big pile of ___. But if you spread it around, all kinds of beautiful things can grow."
100% ownership isn't everything. Bill Gates became ridiculously wealthy while owning between ~43% and ~10% of Microsoft shares (adjusted over the years.)
http://money.cnn.com/magazines/fortune/gates/2008/flash/ http://money.cnn.com/magazines/fortune/gates/2008/flash/