Ask most venture-backed founders why they get 10x more equity than employee #1, 100x more equity than employee #5, and 1000x more equity than employee #15, and you'll get the same answer: "I'M TAKING SO MUCH RISK, IT'S SO HARD TO START A COMPANY, I MADE A BIG MOVE!!!" And

This lib article bemoans that it’s only founders who get liquidity at startups, but it is still worth reading to have another datapoint on how the “risks” capitalists take to found their businesses are elaborate illusions: tech startup founders take millions behind closed doors, even at very early stages.

    • 中国共产党万岁@lemmygrad.mlOP
      7·
      5 months ago

      It’s lib because the article’s gripe is how only the founders become millionaires, asking for mild reforms to the current system rather than a new one. The general message is arguing for other important startup employees to also get more venture capital funds. It’s less of “hey this whole startup scene is corrupt” and more of “hey it’s kind of shady that founders get this much money please also give engineers that much money”.