> it's going to be much harder for startups to recruit employees with equity compensation Great. The employees who don't want to, or can't accept potentially r

> it's going to be much harder for startups to recruit employees with equity compensation Great. The employees who don't want to, or can't accept potentially risky future compensation for their work, no matter what the reasons, shouldn't have to. That's why investors exist. They take on the risk, you get to pay employees actual money, win/win. In addition, equity is just as much a "burnable resource" as money is. Those percents add up. If you're using it as an infinitely-growing imaginary carrot because you find that your runway is getting shorter and shorter as the months go by... well, that's probably not a good sign.