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There's a lesser-known aspect of the startup ecosystem that significantly shifts the risk landscape: founder liquidity.
And employee option pool.
https://www.stefantheard.com/silicon-valleys-best-kept-secret-founder-liquidity/
And employee option pool.
https://www.stefantheard.com/silicon-valleys-best-kept-secret-founder-liquidity/
Stefan Theard
Silicon Valley’s Best Kept Secret: Founder Liquidity
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 A…
📖The book is a really good one and not an easy read.
It is a good idea to read it in multiple sittings and also reflect on the maxims that relate to you the most.
It is a good idea to read it in multiple sittings and also reflect on the maxims that relate to you the most.
The output of an organization is the vector sum of its individuals.
A vector has both magnitude and direction. You want to hire people with high magnitude and make sure they all point in the same direction.
Vector sum: In physics and mathematics, a vector sum is the result of adding two or more vectors together. Vectors have both magnitude (size) and direction. When you add vectors, you combine their magnitudes and directions to get a new vector that represents the net effect.
Applying vector sum to an organization: In this context, each individual within the organization is like a vector. Their individual contributions, skills, and efforts are the magnitude and direction of their "vector." The statement suggests that the organization's overall output is the result of combining these individual vectors.
A vector has both magnitude and direction. You want to hire people with high magnitude and make sure they all point in the same direction.
Vector sum: In physics and mathematics, a vector sum is the result of adding two or more vectors together. Vectors have both magnitude (size) and direction. When you add vectors, you combine their magnitudes and directions to get a new vector that represents the net effect.
Applying vector sum to an organization: In this context, each individual within the organization is like a vector. Their individual contributions, skills, and efforts are the magnitude and direction of their "vector." The statement suggests that the organization's overall output is the result of combining these individual vectors.