7 ms·
>headline more like "Here's how to get yourself into this privileged class of people who VC's are eager to fund". Not to mention become paper millionaires beca
by trocadero 8y ago
>headline more like "Here's how to get yourself into this privileged class of people who VC's are eager to fund".
Not to mention become paper millionaires because some VC think you have a 1% chance of being the next Instagram.
I mean, that $1.7 million is more than I expect to bring home after tax for the next 10 years. And my income is probably top 95-99% for the area I live in so it's not like I have a hard life. I can't imagine what someone who is actually struggling thinks of their "terrible experience"
- jiveturkey 8y agowrong comparison. that 1.7mm is also 10x what the founders individual net incomes can be expected to be. 1.7mm is not a lot of money to a SV startup. it’s seed money. they’ll have to offer embarrassingly small salaries to a desperately small (efficient) number of employees so as to spread it as far as possible.