[ale] Business opportunity...

[Jeff Hubbs]

On Wed, 2004-10-27 at 11:10, Christopher Fowler wrote:
"When someone has equity in a company they value that company more."

<snip>

But the decision to do so wouldn't necessarily be a rational one, and
one's "valuing a company" does not bestow genuine value to the company. 
You can have equity of some sort in a company, but what if the company's
primary decision-makers are visibly and plainly foolish?  Your "sweat
equity" would therefore be going into a black hole.  And, no, these
days, sweat equity is generally not repaid in kind *or* in cash; that
concept is now somewhere back with powdered wigs.  I learned that lesson
both firsthand and secondhand (and the secondhand example was far more
egregious than the firsthand).