Stefan Theard

stefantheard.com

I write stuff sometimes and build stuff all the time

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Silicon Valley's best kept secret: Founder liquidity

20241,811 points914 comments Tech Industry & Business details

Ask most venture-backed founders why they get 10x more equity than employee #1, 100x more equity than employee #5, and 1000x more equity than employee #15, and you'll get the same answer: "I'M TAKING SO MUCH RISK, IT'S SO HARD TO START A COMPANY, I MADE