> startups need harder, more dedicated workers than the average company in the market. I agree. So hire harder and more dedicated people. This is not impossibl

> startups need harder, more dedicated workers than the average company in the market. I agree. So hire harder and more dedicated people. This is not impossible. The idea that people will work harder for equity than they would for EV-equivalent cash is where we disagree. If you have 5% of the company, and your direct contribution makes 5% of the difference in whether the company meets its objectives, setting aside whatever external market factors that are totally beyond your control--how motivating is this really? How motivating would it be to a more economically rational actor? Maybe this is the real reason why startup employees tend to skew younger...