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Venture Labor: Work and the Burden of Risk in Innovative Industries

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Why employees of pioneering Internet companies chose to invest their time, energy, hopes, and human capital in start-up ventures.

In the dot-com boom of the late 1990s, employees of Internet startups took risks—left well-paying jobs for the chance of striking it rich through stock options (only to end up unemployed a year later), relocated to areas that were epicenters of a booming industry (that shortly went bust), chose the opportunity to be creative over the stability of a set schedule. I...