Sometimes you get >= 1%. That's when the fun, or "Game of Thrones" starts, once vesting period nears its end. You'd be surprised how many "decent" management pe

Sometimes you get >= 1%. That's when the fun, or "Game of Thrones" starts, once vesting period nears its end. You'd be surprised how many "decent" management people turn into monsters once they sense more equity for themselves by tricking you (i.e. getting preferred stock for themselves, giving you a type with the lowest liquidation preference etc.). LLCs are often used for early stage private companies with a single investor (e.g. a large, well-known company), not those that want to go public.