You're completely wrong because of your neglect to consider pre-vesting appreciation. Please see my previous comment for an example. Why do you think some peopl

You're completely wrong because of your neglect to consider pre-vesting appreciation. Please see my previous comment for an example. Why do you think some people get rich joining pre-IPO companies? Because they're granted a lot of shares at a low price point, and by the time they are vested and liquid the shares have a possibility of being worth magnitudes more than when they were granted.