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How to Fix Uber? Give It Away
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
variant.fund • The Ownership Economy: Crypto & the Next Frontier of Consumer Software – Variant
here: sharing equity is the best motivator. Founders already have their shares; VCs have our preferred shares. Another pool, the option pool, is set aside for key future hires, often representing 10-20% of the total shares after the investment.
Patrick Vernon • Venture Capital Strategy: How to Think Like a Venture Capitalist
It’s clear that Uber, Lyft, Postmates, etc. have led to tremendous value creation, but that value has disproportionately accrued to executives, employees, and investors of those companies, rather than to the workers that enable these services to operate on a daily basis.
Li Jin • Uber and Instacart don’t represent Silicon Valley. Why we’re voting “No” on Prop 22
But we could create a better deal: These organizations could invest in artists rather than owning them outright.
Music studios could invest in musicians and Spotify could invest in podcasts, giving those artists the capital they need to distribute their work on a grand scale, but the artist could retain majority ownership and creative control over ... See more
Music studios could invest in musicians and Spotify could invest in podcasts, giving those artists the capital they need to distribute their work on a grand scale, but the artist could retain majority ownership and creative control over ... See more