An angel investor who owns 1% of a company and an employee who is offered 1% of the company are not not not in materially similar positions.
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An employee can be fired at will (typically), loses 100% of equity of that happens in first 12 months. There is no way to remove an angel.
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Investors have a variety of rights w/r/t firm, including information rights. 1% angel prob knows cap table, revenue, impending biz sale, etc
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