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In the video "How to Think About Startup Equity," the speaker discusses the importance of understanding equity for new entrepreneurs. Equity can be beneficial for incentivizing teams and attracting investors, but many first-time founders may feel intimidated by the process. They worry about appearing inexperienced to investors or giving away too much equity. The speaker shares personal experiences from his 15 years of building businesses, highlighting his initial learning curve when he raised venture capital for Flowtown after successfully bootstrapping his first company, Sphere Technologies. Key topics include equity distribution, vesting, and how to approach co-founders and advisers.