"Labor as Human Capital investment."
When one goes to work at a startup, one is basically investing in a company.
Granted, skills do matter. Skills, past experience, CV indicate that one is capable of providing the value claimed. But only to a certain extent.
From the view of the Free Market, what matters most is that the employees chose that company.
It is far less tangible than actual monetary investments, but makes the difference between possible and impossible, good and great, especially in tech. This is part of the free market at work.
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