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The reason founders are different is because they generally own enormous chunks of the equity. Everything matters to them and the rewards of success are enormou
by habosa 2y ago
The reason founders are different is because they generally own enormous chunks of the equity. Everything matters to them and the rewards of success are enormous.
Us “fakers” get 0.1% if we’re lucky and then pg writes an essay saying we’re not trying hard enough. We are.
- steveBK123 2y agoI think this is under discussed/not understood in startup land, particularly by the young. Maybe this is by design. Of course the founder is highly motivated, they can become a billionaire if all goes well. And the VC guys are essentially holders of a diversified basket of lottery tickets requiring that they attend some board meetings and give advice. For the IC level, especially if not "founding engineer", the upside is an EV+ outcome where you make what, 10% more than if you just went the MAG7 route? The downside is you work 2x harder to make 50% less than the MAG7 route and ends in a layoff where your last paycheck doesn't even clear.