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Re:Avoiding Zombie Startups by ummonk on Tuesday October 02, 2018 @10:04AM (#18121756)
Well if you do your due diligence, look for startups which offer proper equity to employees (which is sadly very rare), you have an advantage over VCs. You get the option to quit or continue working at the company and earn the rest of your invested stock. The trick is to shop around, evaluating each startup while you work for it, until you find one that has hit the jackpot and made your unversed equity very valuable.
Re:Avoiding Zombie Startups by simplecomplex on Tuesday October 02, 2018 @04:41PM (#18125521)
Buying 10 lottery tickets instead of 1 makes no practical difference to the odds of winning.

Of course every VC, CEO, and founder will say otherwise, since they're incentivized to get people excited about their investment. VCs also place more bets in a single year than the number of startups anyone could hope to work at in a lifetime.

Re:Avoiding Zombie Startups by ummonk on Tuesday October 02, 2018 @04:48PM (#18125571)
But you can improve your expected returns if you get to double down on one of your lottery tickets when you know it has a high chance of winning. You invest little time in the startups that seem likely to be unsuccessful, and a lot more time in the startup that is on a path to success.
Re:Avoiding Zombie Startups by ttul on Saturday October 06, 2018 @03:34PM (#18156814)
And this is why most people should just get a high paying engineering job and invest whatever excess into an angel fund.