They certainly can tell the difference. The ones they back are first class and the ones they don’t are second rate :P I was more making the point that it is no

They certainly can tell the difference. The ones they back are first class and the ones they don’t are second rate :P I was more making the point that it is not wise to turn down a good salary with an established company for the tiny level of equity that you will end up with at a startup and if the startup is not perceived by the investor community as being the next unicorn then this equity will be worthless.