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Re:Lyft prices IPO at top of range by shrimpx on Thursday March 28, 2019 @07:18PM (#19517614)
And there are a bunch of suckers who put in X% the work that each cofounder put in and are getting (X/1000)% of that 500M. It's because they assumed 1000x less risk presumably.
Re:Lyft prices IPO at top of range by yks on Thursday March 28, 2019 @07:40PM (#19517749)
Actually, what is the 1000x risk for SV startup founders? They are not risking their own money and apparently not even their reputation (failed VC-backed founders tend to be able to get VC capital again) so on the face their risk is just to lose a job, same as for any other employee.
Re:Lyft prices IPO at top of range by shrimpx on Friday March 29, 2019 @12:53AM (#19519238)
Yeah exactly. Many of these founders are on their 2nd startup and are already millionaires. Some poor nth employee is in fact risking a lot by e.g. quitting their nice life in a city by relocating, or quitting a promising career. Yet the founders' massively disporportionate ownership is chucked off to "risk".

I for one hope for market forces that will rebalance these discrepancies. Talented 1st employee shouldering most of the technical brunt taking <1% plus dilution is selling oneself to the dogs.

Re:Lyft prices IPO at top of range by snovv_crash on Friday March 29, 2019 @11:17AM (#19522396)
What you're risking is your health, physical and mental.

Being a founder is a hugely stressful job, and everyone I've seen spend 5 years as a founder has aged more like 10 years in that time.

Re:Lyft prices IPO at top of range by Zarath on Friday March 29, 2019 @01:25AM (#19519367)
That's how capitalism works?
Re:Lyft prices IPO at top of range by lexs on Friday March 29, 2019 @06:34AM (#19520435)
and you don't see a problem with that?