On the other hand, equity compensation in a startup is also based on the riskiness of the equity. Even if an employee is not that "valuable", they should still not have the original terms of their agreements altered.
[I agree with all the points above, but wanted to add in the fact that early employees are rewarded for risk as well as production. Esp if they signed on for below market salaries, with stock calculated as deferred compensation.]
[I agree with all the points above, but wanted to add in the fact that early employees are rewarded for risk as well as production. Esp if they signed on for below market salaries, with stock calculated as deferred compensation.]