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betting against yourself as a pitcher incentivizes you to perform poorly and fail.

"paying" 3% of your company leaves you with 97%. Trying to drive your remaining 97% in the ground is idiocy.

Not that I agree with most of GP's message, but generally pitchers come out ahead if they win a game. If they bet a nontrivial but still small amount against themselves it could be seen as a means of hedging an individual game. And strongly frowned upon.

Most founders don't own 100% of their company.

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