So the dilution does not come from the exercise period; it comes from rank and file employees being unable to raise the required capital to exercise. So imagine

So the dilution does not come from the exercise period; it comes from rank and file employees being unable to raise the required capital to exercise. So imagine if Kupor had said "We should not be paying employees any salaries; that puts cash in their pockets which enables them to exercise their options when they vest which leads to dilution for every investor" - that would have been an obviously ridiculous position. So is the statement OP is commenting on. On a side note, you have been defending Kupor in the other thread too with such nitpicks. Why?