Agree with this, 3% of something is better than 40% of nothing. I was a technical co-founder was that left a startup early on, and because we didn't have a vesting agreement from the very beginning, I was entitled to my 40%, even when I left the company. While it was to my advantage, I didn't want my co-founder to give up when I left, so I gave most of it up. For my next startup, I'll make sure to have a goals-based vesting agreement from the very beginning i.e. co-founder gets x% on first sale, x% on first raise
I found this particular post from a hedge fund owner quite insightful why the the stock market is unlikely to crash spectacularly if things keep going the way they go with the Fed bank-rolling https://medium.com/@dan_60967/devils-advocate-the-bull-case-.... The ones stating the market is going to crash are also the ones that are either shorting or have closed out their positions, and waiting to swoop in to profit.
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