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Are you saying that when early employees (e.g. Engineer #1 or CTO) are offered equity, that it is usually awarded as options and not true ownership shares in th

• ryanobjc 11y ago
  Often times yes! First employees have an outcome differential of 10x vs founders. This is often marked up to founders taking on substantial risk. But the way funding works these days, with EIRs and networking, the founders are taking a lot less risk than you'd think. The total comp laydown of a startup has the potential of being very good, but also, potential needs to be discounted against not hitting the huge hockeystick.