Comment by acconrad

A good, but insufficient way to grant equity to employees. The fact is in 2016, startup founders take considerably less risk than they did a decade ago. You can go from idea to revenue in days, with essentially no cost upfront. If you hire me weeks or months later as employee 1, and I'm delivering 20% of the revenue, but as a first employee I get 2-5%, this will piss me off, and it should piss off every early-stage employee who works for tenths or hundreds of one percent. Unfortunately, I'm not sure how we can make institutional changes to ensure that the wealth is spread out a bit more, but it's something I will consider when I start my own company some day.