The employee equity relationship today is, I would suggest, quite different than even 20 years ago. EDIT: I refer you to the "The three-class society" section

The employee equity relationship today is, I would suggest, quite different than even 20 years ago. EDIT: I refer you to the "The three-class society" section of this essay: https://michaelochurch.wordpress.com/2015/11/06/y-combinator-and-paul-graham-are-bad-for-the-world-part-1/ https://michaelochurch.wordpress.com/2015/11/06/y-combinator...