I liked this sidenote in the article: "made their founders billionaires (New Economy founders typically retain large blocks of their own stock)" Histoically, f

I liked this sidenote in the article: "made their founders billionaires (New Economy founders typically retain large blocks of their own stock)" Histoically, founders gave up most of their equity to investors. "A" round? Investors take 50% for $3 million and set aside another 20% for an employee pool. "B" round? The founders end up with 4% of the company. I think pg helped everybody realize "Hey, us founders have the power here. We're not giving up shit. In fact, pay us out at each round too. We need to be millionaires sooner than any possible 5-year-out exit."