A third big issue in the venture industry is that most modern venture firms have broken incentive structures that misalign outcomes between GPs and LPs.

Ownership, via employee stock option plans, has been a powerful tool for incentivizing talented people to dedicate their skills to building startups in Silicon Valley. While this model has been extremely successful, it hasn’t been accessible to all, constrained by geography and legacy financial infrastructure, among other factors. One result is tha... See more

Equity compensation offers the prospect of meaningful wealth to employees. However, tech workers should think of it as an investment, not a lottery ticket. For employees, this means considering risk, diversification, and taxes proactively. In turn, companies need to realize that the narrative of treating equity as a pledge of loyalty can ultimately... See more

I believe one of the more subtle impacts of this new way of working will be the tech workers losing some of the leverage they have over their employers. This will result in the further commodification of tech work, potentially less collective action by employees, and probably lower the salaries in the long run. Put another way, the technology indus... See more