I think the disconnect happens in "experienced startup land" where someone has a proven track record, and "scrappy startup land" where it's just two folks with

I think the disconnect happens in "experienced startup land" where someone has a proven track record, and "scrappy startup land" where it's just two folks with a dream. I can't imagine scrappy startup founders ever having anything but equal equity. There's no market for their services as a CEO, and the founder that they're working with should probably be their best friend from college / work / equiv.