Giving out equity in startups benefits ownership way more than employees. It allows the owners to push employees harder and harder because “you’ve got skin in the game now… you’re an owner.” No you aren’t. Owning less than 1% of anything isn’t ownership.
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And there are WAYY more you wouldn’t want 1% of...Survivor bias in this conversation is very real.
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You neglect the fact that most funded startup employees receive a salary in addition to their stock comp. if an employee believes in a startup, that should be their upside. It’s a risk with the potential for huge rewards
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He didn't say it wasn't (potentially) valuable...just that it's not *ownership*
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Owners use these options because people are willing to work for them. “Market value” isn’t always based upon salary compensation. I’ve gained value in working and owning startups and it for sure wasn’t a paycheck. Capitalism. Love it.
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