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by AlwaysBCoding 730 days ago
It's also wrong because it's not the founders work in isolation that is providing the liquidity opportunity in the first place. The entire purpose of a joint-stock company is to align incentives for all shareholders to benefit from the value creation of the company. Founder secondaries are a work-around that hack money into the pockets of a couple people off the back of other's labor instead of collectively enriching the group performing the labor.