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Kinda boils down to timing of the opportunity and how much risk is on the table before you sign up.

Employees generally come post-funding, get paid, etc. Co-founders work with free with no assurance of EVER getting paid, have to pony up when the company needs cash, etc.

In spirit, though-- I agree. If your risk level is the same as the founders, you should be a founder. If you can't handle or afford the risk but still love the idea of startups, try being an early employee.



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