2 ms·
Artists face inverse-BCD. They aren't qualified for other jobs (primarily because of their lack of a resume) so they lose out on the options that someone with 5
by pwnstigator 17y ago
Artists face inverse-BCD. They aren't qualified for other jobs (primarily because of their lack of a resume) so they lose out on the options that someone with 5 years' experience as a corporate grunt would have. This makes them poor relative to the corporate grunt.
We, as entrepreneurs, are also facing inverse-BCD with the bad economy, as everyone familiar with the phrase "multiple liquidation preferences" is aware. VCs aren't issuing shitty term sheets because they're in trouble-- the money they're investing was raised before Sept. 2008-- but because entrepreneurs have fewer options in traditional employment than they did 3 years ago.