Overly cynical. The two times I worked for a startup more than 3 months I got paid out for my equity. 2 for 2.
The problem is not equity, the problem is picking the right startup.
Everyone I know that has got rich has done so via equity.
The problem is not equity, the problem is picking the right startup.
Everyone I know that has got rich has done so via equity.
So how many have you actually worked for? "2 for 2 [out of the experiences I cherry-picked to rationalize my bias]" really doesn't support your claim that the author is overly cynical.
> The problem is not equity, the problem is picking the right startup.
If only we could predict the outcome of the lottery, we wouldn't even need startups.
My point is that equity is great and it does everything it is supposed to do (align motivation / create a great team spirit / reward risk takers). The problem is people think that equity is magical and you don't have to worry about the people giving it to you. They are the weak link - not the equity itself.