The Ledger
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Mason: Candidates objecting to progressive equity caps are bad fits
“In terms of the downside of executive recruiting, I mean, I just think anybody that feels like, ah, you know, you're capping me out or you're taxing me. I don't know. Like that person's an asshole. I don't really want to work with them.”
Mason: Wealth concentration for philanthropy can beat employee redistribution
“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.”
Mason tried giving away his Groupon equity to compensate employees
“And this happened to us at Groupon, and it was kind of frustrating because I felt like there were all these other people there. I felt like I was, frankly, ending up with more money than I needed. Wanted or knew what to do with. And there were all these other …”
Mason: Progressive equity applies a progressive tax system to startup equity
“So so what progressive equity is, is a system that's basically like a progressive tax. It's an income redistribution system within the company that as the company becomes more and more valuable, it redistributes percent ownership away from the highest percent …”
Progressive equity taxes individual equity above thresholds at 50%
“So once you have enough equity or once your company is valuable enough that your total ownership is greater than 50 mega donks, all of your value beyond that. Has, is basically taxed at 50%. So you get half of it, and the other half goes into a pool that's red…”
Mason: Progressive equity frameworks in startups are not anti-capitalist
“Once you talk to employees about it, they get it pretty quickly and there's nothing about it. That's anti capitalist.”