Re:How and Why Athletes Go Broke (2009)
by jhowell on Friday February 09, 2018 @02:57PM
(#16343351)
It seems that we, the people that read about athletes and celebrities losing their money while we commute to work feel the best course of action is less control. Arguably similar, people in technology who hunt equity at the expense of future financial stability. We consider their competence at managing money in the but not the latter.
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Actually we do. Lots of online resources council new ict startup entrants not to be seduced by vesting, try to point out the huge downside potential risks. The small group of people who do hunt it, are quite distinct from the people who enter sport for huge short term up front money with inadequate skills to manage it. YC isn't combing high school and college touring cash now for brilliant ideas.