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slt2021

then one can simply create his/her own startup, bear all the risks (99% of startups fail) and reap all the rewards.

market should have found equilibrium, otherwise there is literally free money on the table.

why would engineer work for 150k when he/she can create startup with multi-million valuation?

> then one can simply create his/her own startup, bear all the risks (99% of startups fail) and reap all the rewards.

How does that work? Most of the rewards go to the owners of the capital. That's literally the central idea of socialism.

you don't have to raise capital at unfavorable terms. Plenty of bootstrapped startup founders out there or founders who raised at very favorable terms (like raising 50+ mln with just a powerpoint, not even a POC of a product).

or alternatively - plenty of dual class stock holders (Zuckerberg is prime example), where you still retain control of company, while benefitting from cheap VC and public capital

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