> Founders are committed and in for the long haul, and either make a lot of money or none.
This used to be true, but I don't believe it is any longer. It's become fairly common for founders to do secondary sales and cash out some of their equity early on. For example, the founders of Secret famously sold $6M of their stock 6 months after starting the company.
Sometimes employees have access to those sales, but in many cases they don't.
This used to be true, but I don't believe it is any longer. It's become fairly common for founders to do secondary sales and cash out some of their equity early on. For example, the founders of Secret famously sold $6M of their stock 6 months after starting the company.
Sometimes employees have access to those sales, but in many cases they don't.