Isn't 1-2% significant for an employee that also gets a market-competitive salary & thus takes no risk? How much did early employees who joined amazon in 1994 o

Isn't 1-2% significant for an employee that also gets a market-competitive salary & thus takes no risk? How much did early employees who joined amazon in 1994 or google in 1998 get? IIRC the "rule of thumb" is that the first batch of employees share 10% of equity, the next batch get 10%, etc but each batch is much larger than the previous (e.g. from <10 to 10s-100s to 1000s). So as an early employee you'd get a single-digit % but if you come in the next phase you'll get permill(s) & later on even less.