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Given how many startups fail, you don't think "life without parole" is a bit harsh? It certainly will prevent them from trying again... I also think that if yo
by lutorm 18y ago
Given how many startups fail, you don't think "life without parole" is a bit harsh? It certainly will prevent them from trying again...
I also think that if you average over a long enough time span, it seems that those that hit the moon, money-wise, at one particular time barely break even over the long run. (Except they've already taken home their own salaraies, of course.) That's what I meant by it being a bad idea; at any given time the highest earners will, by selection effect, be those with the riskiest, most highly leveraged strategies. I can do without those, I think we need people that create wealth, not concentrate it into their own hands.