Excellent piece. He could not be more right. I think there is more in that story than was argued. The equity structure in startups, in my opinion, could see

Excellent piece. He could not be more right. I think there is more in that story than was argued. The equity structure in startups, in my opinion, could see a change similar to what is happening to venture financing. Here is the current problem: if you hire an employee, and give him .1% of the company, what happens if that employee's actions significantly increase the value of the company? Maybe this person makes a key innovation that pushes the product over the chasm. That .1% looks like an unfair reward. In general, the greater the contribution, the worse the equity allocation becomes. My guess is that market forces will find a way to solve this problem. Companies that can give employees variable equity based on contribution will find it easier to attract top talent. Legally, I have no idea how this would work, but the market forces are there nonetheless.