With all due respect: bullshit When a SV startup goes belly-up, the first to get fucked are the employees. Even employee #1 and even if you started a week aft

With all due respect: bullshit When a SV startup goes belly-up, the first to get fucked are the employees. Even employee #1 and even if you started a week after incorporation, your equity is the first to disappear. And add to that, the fact that many startups have allowed founders and key executives (but not rank and file) to sell options and take money out pre-exit. In my experience, startup employees are largely not aware of the drastic difference in equity distribution and protections. They know, of course, that founders and investors have a bigger share than they do, but they don't realize how lopsided it is, and that founders can walk away with multimillions as they drop to zero themselves. In fact, in cases where large numbers of employees got rich (>$1M... Google, FB, etc) from an exit, the founders did not become just "rich", but rather became multibillionaires, and the wealthiest people on the planet.