Hey 👋 Rae Lambert here, the new kid on the block. As INFLECTION grows (stay tuned for updates on that soon) I’m taking over the newsletter from Frank. I won’t normally write an intro but a few quick notes:
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Giving out equity in startups benefits ownership way more than employees. It allows the owners to push employees harder and harder because “you’ve got skin in the game now… you’re an owner.” No you aren’t. Owning less than 1% of anything isn’t ownership.
Aaron’s take: This tweet has gotten a lot of attention recently and lots of VC-backed founders are deeply disagreeing. But for companies that aim to grow steady and not be billion-dollar companies, I think he’s onto something. Maybe employee dividends? Qtrly profit sharing? Things that don’t involve messy option buying programs or a liquidity event? Get to know Aaron
Rae’s take: As someone who’s not building a software or physical product, this made me feel seen. Being my own boss and creating value out of nothing is for sure a rollercoaster. Regardless of what I’m building, I still worry about spending my time/money on the right things since the options are endless. Get to know Rae
Jai’s take: Supply is king in a marketplace. But, first focus on a smaller sliver vs. growth at all costs. Network effects of the best demand & supply of a small sliver is > than no network effects of a larger pie. Get to know Jai