This lib article bemoans that it’s only founders who get liquidity at startups, but it is still worth reading to have another datapoint on how the “risks” capitalists take to found their businesses are elaborate illusions: tech startup founders take millions behind closed doors, even at very early stages.
Why is this article lib? I don’t doubt it but don’t know enough about the silicon valley hellscape to put my finger on why.
It’s lib because the article’s gripe is how only the founders become millionaires, asking for mild reforms to the current system rather than a new one. The general message is arguing for other important startup employees to also get more venture capital funds. It’s less of “hey this whole startup scene is corrupt” and more of “hey it’s kind of shady that founders get this much money please also give engineers that much money”.
Thanks