I agree with what you wrote, but the reality is that startups can't pay market rate in most cases. So they should at least offer more equity. Or, you know, the

I agree with what you wrote, but the reality is that startups can't pay market rate in most cases. So they should at least offer more equity. Or, you know, they can try to keep getting away with offering 0.01% non-preferred stock, and telling every employee that the startup will sell for $1BN at least, and they will become millionaires.