>> Equity is the entirely the answer for cutting through all the bullshit. I agree for small companies which are largely founder owned. I think outside of that

>> Equity is the entirely the answer for cutting through all the bullshit. I agree for small companies which are largely founder owned. I think outside of that, Equity doesnt do much because so much effort is put into obfuscating the value/share of the equity. If you cant see the cap table, and you cant see the preference overhang, the equity is as good as worth zero. There is no discernable value for a fraction with no denominator.