Amjad Masad

And your job is to build equity.

And the best way to build equity is to start a business.

The second best way to build equity is to join a business that someone else started and get equity in it.

And the third is if you already have capital is to invest and build equity that way.

And I've done all these different things.

I started by joining a startup that was growing fast, got as much equity in it as possible, worked as if I was a founder.

But then I started a business, got some liquidity from that, started investing in other businesses.

By the way, a lot of early Replit employees are already rich.

A lot of early Replit employees already got some liquidity out.

We let them sell some shares.

Some early Replit investors sold some shares as well.

If you invested in Replit and when you were like, you know, six million valuation and we were like many order of magnitude more than that right now, you made a lot of money, right?

So if you're surrounded by really smart people, you don't have to have the best ideas.

You can join their ideas.

You can also like figure out a way to invest in your friends and join in their venture.

Or if you have a certain skill, let's say you're an influencer and you want to partner with an entrepreneur, try to get equity.

You can get a lot of cash for sure, but what are you going to do?

You're going to get taxed 50% on that cash.

You're going to spend it on nonsense.

Instead, try to get equity and build that equity up.