Re:An Engineer's View of Venture Capitalists (2001)
by epicureanideal on Thursday November 11, 2021 @07:15PM
(#29194920)
> Which is part of the reason for their compensation.
Right, those without capital are always compensated poorly relative to the value they produce. They don’t have a better option, which is part of the problem. One of the people with access to capital but possibly far less skill will end up being their boss and also receive the vast majority of rewards for their combined efforts.
> Did the first few factory workers and car design people at Ford become millionaires
Right, those without capital are always compensated poorly relative to the value they produce. They don’t have a better option, which is part of the problem. One of the people with access to capital but possibly far less skill will end up being their boss and also receive the vast majority of rewards for their combined efforts.
> Did the first few factory workers and car design people at Ford become millionaires
True, but not necessarily optimal.