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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I was early employee at 2 early stage companies, both promising. Worth 0 now. Didn’t get market salary. I was OK & aware of this trade. Added comp for me was the learnings to build my own business. If no desire to build your own, the trade usually skews favor to founders.
