If the private company is set up with the culture and explicit governance that makes sure minority shareholders get a cut of profits, then sure. But the averag

If the private company is set up with the culture and explicit governance that makes sure minority shareholders get a cut of profits, then sure. But the average private tech company isn’t like that. There’s probably 2-4 founders who pay themselves extravagant salaries and control all voting shares. Minority equity never gets a payday.