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It's the culture. In a lot of places equity isn't understood or valued. Pretty common outside the Valley and maybe New York and Boston. In Michigan startups
by rmason 5y ago
It's the culture. In a lot of places equity isn't understood or valued. Pretty common outside the Valley and maybe New York and Boston. In Michigan startups the top five people might have equity and that's it.
The exception is Ann Arbor where they understand and value equity. It's also where they have the strongest startup culture. But things are starting to change in Detroit.
- pm90 5y agoI feel like equity is a very important reason for the success of SV companies. Equity holding employees have an intrinsic motivation to work towards the success of their workplace. When equity granting companies succeed they make a lot of people wealthy (rather than just the founders/investors) creating a new class of investors.