> The question here is whether Mailchimp _exploited_ its employees by not offering equity. No. The question is whether Mailchimp's employees would have worked

> The question here is whether Mailchimp _exploited_ its employees by not offering equity. No. The question is whether Mailchimp's employees would have worked for Mailchimp had they had a completely free choice and good knowledge of the value of their labour (e.g. valuation of the company).