That's true, but culture, equity, are not tangible. The hours and the effort are very tangible. Startup employees put in a lot of effort, in some cases as much

That's true, but culture, equity, are not tangible. The hours and the effort are very tangible. Startup employees put in a lot of effort, in some cases as much as the founders, depending on the culture. There are few circimstances where you'd want to put in such an effort for a negligible expected reward.