You're basically saying the equity is too low. Any decent exit would make the founders and investors a lot of money. If they wanted to motivate employees to mak

You're basically saying the equity is too low. Any decent exit would make the founders and investors a lot of money. If they wanted to motivate employees to make that happen, equity needs to be good enough to make the employee a lot too. Instead it tends to be much closer to a token amount to check the box, taking advantage of the fact that you can't easily assess its value.