Valuations are bait that VCs use to motivate founders and employees to take below market wages. But after all the rounds are done, the employees are almost alwa

Valuations are bait that VCs use to motivate founders and employees to take below market wages. But after all the rounds are done, the employees are almost always massively diluted back to below market wages. You could just have diluted them in advance, but then they wouldn’t have worked as hard.