That's interesting, but, what's the definition of "everybody?" Everybody who ever worked at the company? Everybody working at the company on IPO day? Rewardi

That's interesting, but, what's the definition of "everybody?" Everybody who ever worked at the company? Everybody working at the company on IPO day? Rewarding only those people present on IPO day seems like it just screws early employees, whereas rewarding everybody who ever worked for the company sounds infeasible due to the number of shares you'd have to hold in reserve to do it. Companies aren't IPO'ing in 4 years anymore, and that's a large part of of what's screwing up the calculus here. I don't recall exactly what the median founding date to IPO date is these days, but, IIRC, it's a bit over 10 years. Time value of money means that money in 4 years is worth a lot more than money in 10 years.