A Former Facebook VP Thinks Investing in Humans Is the Future of VC
She gets $1.7 million. Sam Lessin’s venture firm gets 5% of her creator earnings for 30 years. “it's def not indentured servitude,” he says.
Is it just me or this seems like a loan with a lot more strings attached and one that seems like it has a lot more downsides for the people being “invested” in?
“The decision to invest directly in humans brings about a host of legal, ethical, and moral questions that Lessin will surely need to confront head-on. The idea that someone might sign a 30-year employment contract and that society should explicitly value a human brings up questions of indentured servitude and worse—claims which Lessin sees as entirely ill-founded. (“it's def not indentured servitude,” he recently wrote in response to someone who said the legal issues seemed “daunting.”)”Posted on 2021-11-13T21:36:59+0000