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throwawayohio | 5 months ago
> But let's not gate-keep or be naive enough to understand that some kids will need to put that effort if they want to make a difference.
Sure, they'll make a difference for the founders/CEOs of these companies, who will walk away completely minted while their employees might pull enough out to get a house. IF the venture doesn't die before exit.
1penny42cents|5 months ago
For people early in their careers, working hard is the best way to grow their future earnings and opportunities. They have too few skills, connections, and experience to differentiate otherwise.
Focusing only on the asymmetry between those with and without meaningful equity misses the point.
Not everyone is lucky enough to get equity from day one. The rest of us have (at most) a few critical points in our careers to do well enough such that we get a shot at meaningful equity at some point in the future.
For those from underprivileged backgrounds, they’re lucky to get even one chance in their careers for meaningful growth.