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by DoughnutHole 965 days ago
> both are likely to appreciate

More than half of all startups fail within the first 10 years. They’re not just less liquid, they never experience a liquidity event at all. That equity is effectively $0.

The odds of any given big company going bust are dramatically lower than that. Their equity might depreciate but it’ll at least be worth something.

1 comments

Oh I was more thinking late stage companies, but you are correct.