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by dragonwriter 3040 days ago
> When your work finally pays off, it will mostly pay off for them.

Well, it'll mostly pay off for major capital holders (which founders are likely but not certain to be, depending on the course of business before then, and top executives at the time may or may not.) Top executives as such (outside of their role, if any, as capital holders) may get more benefit than you, but even if so it will be much less than the capital holders.

3 comments

For better or worse, I think most of us have made peace with the fact that capital holders can put their money at risk, wait several years, and earn a large return with some probability. For some guy to waltz in a couple months before an IPO and make $35m out of thin air... it's a bit much. Especially when many of us have seen how hard early employees work, staying til late hours and thinking someone will compensate them for their extra effort.
For one data point, Sequoia owns 25% of Dropbox. They led the seed and series A. That investment is going to pay off marvelously...
The Techies Are Finally Reading Marx
I doubt it, but a nuanced debate of his ideas on the part of those who purport to be so open to unconventional ideas would be refreshing. We love to promote learning from iteration but still remain amazingly averse to doing so in practice. I think this is just another example of that.

The moonshot of UBI is an acrobatic avoidance of Marx, relatable if you were raised with the American indoctrination of Marx == Hitler (yeah I know but the lack of ideological overlap, or any overlap at all, hasn’t mattered because patriotism). We are due some maturity in this area.

And on another hand, one should be forgiven for mistaking the open source movement for Marxism.

patio11's salary negotiation blog post is our Das Kapital.