Mason: Wealth concentration for philanthropy can beat employee redistribution
Andrew Mason · a16z Podcast | Is It Possible to Achieve Equitable Equity for Startup Employees? · Jan 2, 2019 · at 9:59
Andrew Mason, founder of Groupon and creator of a progressive equity framework, reflects on whether concentrating wealth with philanthropic founders yields greater social impact than employee profit sharing.
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“Arguably it's better for one benevolent person to end up with all this money instead of just distributing it evenly among all the employees. Right. So that they can all buy, you know, slightly nicer cars and other, you know, materialistic things.”
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