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Owning a small slice of a business where you're employed can also help make you rich if it grows a lot. In the tech world there are probably more financially in
by pushrax 5y ago
Owning a small slice of a business where you're employed can also help make you rich if it grows a lot. In the tech world there are probably more financially independent employees than founders, because of the growth of some massive companies over the last few decades and high salaries. Probably a different story in the UHNW category though, very few employees can get to that level.
- Nasrudith 5y agoThe obvious pitfall is that it is putting both your income sources in the same basket. Unless you have sufficient liquidatable savings that is a bit of a "flying jump kick" - if it lands it works great, if it doesn't you are left committed to a train wreck and pain will follow.
- pushrax 5y agoDefinitely true - usually you don't have a choice though due to vesting schedules and/or illiquid markets pre IPO.