Think about it like this: every day, the risk of your company is (hopefully) going down. Every line of code you write, every action you take, should help with t

Think about it like this: every day, the risk of your company is (hopefully) going down. Every line of code you write, every action you take, should help with that. So every day that passes, when someone new joins, they will get less equity because they are taking less risk. More of the work is already done.