4 ms·

Wasn't it jwz who first widely pointed this out: startup stock is a lottery ticket. Nobody should take 1/2 wages because their boss gave them a lottery ticket.

• Zelphyr 3y ago
  And then, hilariously, he said, "I just happened to have won that particular lottery."
  • pseudalopex 3y ago
    Why is it hilarious?
    • neilv 3y ago
      And then his accountant/advisor said something like, "If you'd told me you were going to buy a nightclub, there are easier ways to lose all your money."
      • mistrial9 3y ago
        you know the best way to have a million dollars in the Rock'n Roll world? A. start with two million !
        • neilv 3y ago
          In JWZ's case, IIRC, he actually had this exchange with an accountant/advisor. But it seems to have worked out OK for him. Andreessen has made a lot more money since then, but JWZ got to build up many aspects of something cool that he cared about, and also occasionally still write some code on the side.
    • Zelphyr 3y ago
      I guess you have to see it first-hand: https://www.youtube.com/watch?v=4Q7FTjhvZ7Y https://www.youtube.com/watch?v=4Q7FTjhvZ7Y
      • andrewflnr 3y ago
        That's an hour-long video. Do you have a timestamp?
  • andrewflnr 3y ago
    I don't get the hilarity either. Just sounds like a small dose of self-awareness.