I'm not sure that's particularly relevant to this thread; there are plenty of decisions that materially affect the value of your equity that you have no say in.

I'm not sure that's particularly relevant to this thread; there are plenty of decisions that materially affect the value of your equity that you have no say in. That's true both in a startup and at a large tech company like Google where a significant part of your comp is in RSUs. The point in the GP post that I was expanding upon, > It's zero net gain at the point of dilution. is focussing on the wrong instant in time. You should be calculating the effect of the dilution on your exit event, when your equity actually becomes exchangeable for money.