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An employee’s startup equity grant is most likely worth nothing, because people overestimate both the odds of success and their own share of it.

Drawn from what Patrick McKenzie said

startups
A private bookmark. Not a position, and never counted.

What Patrick McKenzie actually said

Word for word, with the source under each one. They did not write this page.

  1. Patrick McKenzie

    Software engineer and writer, known online as patio11

    Because you radically overestimate the likelihood that your startup will succeed and radically overestimate the portion of the pie that will be allocated to you if the startup succeeds.

Added to korrents 28 Oct 2011 · How quotes work · Something wrong? Tell us

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