I think that risk is also easy to resolve. Everyone is investing their time, labour, skills all the time. Money as we know is a abstraction of previous labour time, so whether someone risks their money or their labour it makes little difference.
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I've seen watched many friends take early start-up jobs (with a wide spread wrt results) & I've watched the failure of my family's small business wreak total, lifelong devastation. I watched one family member work a full-time job on top of running the business to pay her staff.
There comes a time when it's sensible to cut and run, but that's only an option employees have. Founders who quit while they're ahead aren't competitive. You dig the hole and then you hope you're able to climb out later. And sometimes you can't, and you lose everything.
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It's frankly a crazy-making way to live. A lot of folks may want to take some equity over cash in order to catch the potential upside, but they're not willing to tank their credit, empty their retirement account or lose their home over a business idea.
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Well some people can just dip into their trust fund, and try 3-4 startups 'till one works.
End of conversation
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