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You must be advocating that to confer real ownership, people need to invest by purchasing a stake in what they work on. Just like a real owner, they will not ne
by biot 14y ago
You must be advocating that to confer real ownership, people need to invest by purchasing a stake in what they work on. Just like a real owner, they will not necessarily have a salary and may be required to dip into their savings and increase their investment in order to cover losses in the business.
Are you sure that's what most people want? Or do they want to make a substantial guaranteed salary plus have all the upside of profit sharing, while taking on none of the risks? Those who prefer the former should be founders in their own startup where the reward is proportional to the risk.
- edandersen 14y agoMost smart people confident in their skills would be happy with profit sharing and/or real equity in their work. Even founders draw a (quite substantial) salary. The word "ownership" implies "owning" something.
- biot 14y agoI agree with you on what ownership means. And who wouldn't want to be a post-funding owner where they can draw a nice salary and where the only thing they risk is their time and other people's money? Few want to take on pre-funding ownership where the starting salary is $0.