Unable to afford physical components, Steve Wozniak spent years designing computers on paper. This constraint forced him to compete with himself to use the fewest possible parts, a skill that became a critical competitive advantage for Apple's early, cost-effective hardware.

ElevenLabs raised a $100M round entirely for employee secondaries. The CEO's rationale is that by allowing early team members to de-risk and realize financial gains, it solidifies their commitment to the company's multi-year mission rather than creating pressure for a quick exit.

Wozniak's insistence on eight expansion slots for the Apple II, against Jobs's preference for two, created a third-party ecosystem that drove sales. This open architecture's success funded the company, enabling the development of Jobs's later closed-system products.

To prevent the next generation of leaders from being burdened by debt, WCM's founders transfer their ownership stakes at book value—not market value. This massive personal financial sacrifice is designed to ensure the firm's long-term health and stability over founder enrichment.

Granting stock options is only half the battle. To make equity a powerful motivator, leaders must constantly communicate a clear and believable narrative for a future liquidity event, such as an acquisition. This vision is what transforms paper ownership into a tangible and valuable incentive in the minds of employees.

Business is a unique domain where you can pursue selfish goals (building a large, profitable company) and selfless ones at the same time. By building a successful company with ethical, people-first practices, you force competitors to adopt similar positive behaviors to compete, thereby improving the entire industry for everyone.

Driven by a philosophy that engineering is the highest calling, Steve Wozniak never wanted to manage people or run a company. His primary motivation was to stay a hands-on engineer at the bottom of the org chart, a counter-cultural mindset that shaped his design choices and his relationship with Apple.

While bonuses tied to revenue incentivize employees to perform specific tasks, they are purely transactional. Granting stock options makes team members think holistically about the entire business's long-term health, from strategic opportunities to small cost savings, creating true psychological ownership.

Wozniak firmly believed that revolutionary products are not invented by committees. He advised inventors to work alone, comparing the process to art. This solitary approach, free from corporate bureaucracy and marketing-driven compromises, allows for the creation of truly novel designs without dilution.