Steve McLaughlin from FT Partners dropping alpha on founder economics:
Great founders should earn MORE of their company back over time, not less.
The play: Set higher milestones → bigger rewards → founder stays hungry → everyone wins bigger.
Most VCs protect their fixed slice. Smart money grows the entire pie.
This is how you align incentives for 100x outcomes instead of safe 3x exits. Founder-first cap tables print different.
Great founders should earn MORE of their company back over time, not less.
The play: Set higher milestones → bigger rewards → founder stays hungry → everyone wins bigger.
Most VCs protect their fixed slice. Smart money grows the entire pie.
This is how you align incentives for 100x outcomes instead of safe 3x exits. Founder-first cap tables print different.