I joined a startup that was big on this message. They were previously at startups and felt they didn’t get a fair share in an exit.

Well it turns out even that wasn’t enough and they did the same thing. I suspect VCs control too much of the financing.

Maybe, but people are generally like that. When they’re in the same situations they do the same things. I think few people are honest with themselves, or even know themselves what they would be like if situations were reversed.

I’m not sure it’s just the financing being controlled by “the VC’s”, but also definitely the entire culture.

I mean, the model for most companies - having a very heavy legal component when big money figures are being generated/spent - requires a great deal of bureaucracy which, somehow, inherently prohibits participation at an individual scale, in the massive profits.

It seems that a lot of it hinges on the nature of work for hire. If only there were systems in place that could make every human being a work for hire payment, even those performing CEO duties, then possibly the profits would be easier to spread.

I think a lot of startup problems exist in the Founder/CEO versus Founder/CTO versus Founder/CFO dynamic, which is what any company following the legislated structures must deal with.

VC’s exploit these dynamics, they can do it with money/financing, and they can do it without it, as well.

The crazy thing is, cases exist throughout history of three individuals getting together, building something great, and doing it without requiring any venture capital, generating through their own efforts, adventure capital.