If you didn’t take a pay cut going in, you were underpaid to start. Or you were very junior, so the disparity is narrower. There are no competitively paid seni

If you didn’t take a pay cut going in, you were underpaid to start. Or you were very junior, so the disparity is narrower. There are no competitively paid senior+ swes that keep their comp going to a startup. Full stop. Illiquid equity makes a significant difference too. We’re talking total realizable dollars earned in a year. It’s worth noting that I’m not saying this is fundamentally broken - that’s just the design of the system.