The relationship between founders and their investors reflects a status shift too. Venture capitalists have been dehumanized.8 When firms were led by individuals with recognizable taste and conviction, founders treated allocation as something worth thinking about. Now the partners are interchangeable, the institutions behind them are... See more

The relationship between founders and their investors reflects a status shift too. Venture capitalists have been dehumanized.8 When firms were led by individuals with recognizable taste and conviction, founders treated allocation as something worth thinking about. Now the partners are interchangeable, the institutions behind them are... See more

Equity compensation offers the prospect of meaningful wealth to employees. However, tech workers should think of it as an investment, not a lottery ticket. For employees, this means considering risk, diversification, and taxes proactively. In turn, companies need to realize that the narrative of treating equity as a pledge of loyalty can ultimately... See more