I’m not too sure why you’re being downvoted, but it is probably because you phrased your statement a bit awkwardly. But you’re right that (if there is only a v

I’m not too sure why you’re being downvoted, but it is probably because you phrased your statement a bit awkwardly. But you’re right that (if there is only a very small number of co-founders) employee #1 should never be accepting 1/100 the total equity the founders have. Employee #1 screwed up in negotiating at least half way decent deal for themselves.