Most investment dollars go to zero Most founder equity goes to zero America produces the most important companies because of this awesome risk-taking — this is why we win! This is obvious and well known by all parties involved, and it’s called the power law And 99% of the time, VC-backed founders never put any personal capital at risk — just their time and typically a more modest salary (but in a hot market founders sometimes go for higher pay, and boards will approve) No story here,…