Think of the highest interest Annual Percentage Rate (APR) you’ve ever heard of for any type of debt. Double it. Where did you land? I think for most you’ll be looking at somewhere in the range of 80% APR, maybe 100% APR. Those rates are astronomically high but
In 2009, I was a 17-year-old middle-school dropout struggling with depression and playing a lot of World of Warcraft. I lived in a 500-square-foot single-bedroom apartment with my younger brother and mom. In our dining room, we had two futon couches that converted into beds. I remember plopping down on
Ask most venture-backed founders why they get 10x more equity than employee #1, 100x more equity than employee #5, and 1000x more equity than employee #15, and you'll get the same answer: "I'M TAKING SO MUCH RISK, IT'S SO HARD TO START A