I think the incentive structure for first 10 employees is completely broken right now. Adjusted for risk and dilution, the risk reward ratio for top 10 needs to

I think the incentive structure for first 10 employees is completely broken right now. Adjusted for risk and dilution, the risk reward ratio for top 10 needs to be closer to the founders since they are taking almost identical levels of risk. I wish companies would value the stock part of their offer with respect to the valuation that investors have put money in. I never understand the huge disparity between the valuation of companies as understood by investors (in terms of their investing decisions) and as explained to prospective employees. From my point of view it would be good if the Startup clarified what they intend to pay me, put a hard cap on how much of that they can pay me in cash, and then allow me to use the remaining to "buy" stock grants at a valuation that closely resembles what investors have recently invested at.