3 ms·
People can work for startups for whatever reason they want. Equity will be worth something or not based on a variety of factors, the more in tune you are with
by jollybean 4y ago
People can work for startups for whatever reason they want.
Equity will be worth something or not based on a variety of factors, the more in tune you are with those things the better.
It's not 'I'm gonna be rich' vs. 'Lottery ticket' - there are ways to understand it.
That said, I'd put a high risk premium on equity.
- iancmceachern 4y agoThanks for this. It made me do some more digging. From quick googling the odds of winning powerball is on the order of e-10, while unicorn startups of valuations above 1 billion have a success rate on the order of e-5. Your comment is true, startup equity is more likely than a lotto ticket so it's not the best analogy. https://nanoglobals.com/startup-failure-rate-myths-origin/ https://nanoglobals.com/startup-failure-rate-myths-origin/