This is how you entrench inequality:
We let the poor “invest” in lottery tickets, sports gambling and casinos but not startups.
The first three are perennial losers. Startups have returned 15% over the past 50 years.
PEAR - Pre-entity agreement for... remuneration?
Basically I quit my job to explore an idea and you give me $30k and I either incorporate (in which case you get n%) or decide to get a job (in which case you get n% of my monthly salary with a 1x cap).