Paul, nice robust rebuttal. I still hold my POV that employer's should focus on hiring people who have proven some "staying power" and at least worked at one job for a longer period of time (say, 3 years) but realize that my post didn't cover the employee's point-of-view. Today's post is here: http://bothsid.es/62o and looks at it from the employee's point of view.

Thanks, Max. Appreciate the post. Kennet certainly has been the VC / PE firm that has perfected this model. It was the first place that I learned that founder liquidity was even possible. Well done.