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All of this boils down to one word : GREED. Most people starting startup in bubble by definition greedy. They are not there to change the world per se, like Elo
by 31reasons 12y ago
All of this boils down to one word : GREED. Most people starting startup in bubble by definition greedy. They are not there to change the world per se, like Elon Musk. They want to have more equity when they sell the company. Period.
I believe first 5 people in the company should be given double digit equity.
- archgoon 12y agoElon Musk is able to do what he does largely because he made himself rich off a startup. If you want to be Elon Musk, you have to be rich.
- wahnfrieden 12y agoEven PayPal was bootstrapped partly with what he made off a previous startup.