Pre-IPO equity of tech unicorns drains talent from public giants far faster than cash compensation.
The massive wealth upside of pre-IPO equity in multi-billion-dollar private conglomerates completely hollows out established public technology giants that can no longer match valuation leaps.
The same conclusion keeps arriving from across the workspace's research — 1 topics independently instantiate this theme. Filter the evidence by where it came from:
The immense scale of the upcoming IPOs of SpaceX, OpenAI, and Anthropic is siphoning capital and generating massive pre-IPO speculative interest.
Google DeepMind's top researchers are defecting to launch an independent startup that offers massive equity potential.
A group of Google's most iconic research pioneers defected to launch an independent startup backed by massive pre-IPO equity and funding.