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.
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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.
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.
That's how capitalism works?