The issue being actually accomplishing #3. As a founder I can't afford to give you a huge chunk of the company (lets say 10% all by yourself). So I give you and the other 4 employees each 5%. That is going to be diluted down to god knows how little by series C. Probably something in the range of 0.5%-1% in a lot of cases. Now your screwed either way.
The simple fact is, when investors are involved there is NEVER enough equity to go around.
The simple fact is, when investors are involved there is NEVER enough equity to go around.