doppler

most humans get 0 long-term upside in the companies they work for 

equity based comp is a relatively new phenomena

The 2010s was dominated by about 5 companies who did equity based comp and succeeded, but pretty much every other organization, you likely don't want equity in the company because the company is effectively bankrupt.

I'm one of the few software engineers who wants to read a financial statement, but when you do, you learn most companies aren't even worth working for without the equity compensation.

Building /doppler | Advising /variant | prev /uniswap

Yup. I remember back in 2019 the idea of "Venture Growth Capital" where new funds were starting to do Series D+ rounds, basically to delay IPO. Back then it was nuts but today it's completely common. What used to be 6-8 years was looking more like 12 years, and that's if the liquidity event doesn't happen through private markets.

For an employee I have zero incentive to care about shares these days, and I treat them like $0 in bonuses.

this is partly because fewer companies are IPOing