This happened to me as well. Ridiculous billions+ valuations for companies that have not much of a moat and questionable market sizes, plus competition. Consequ

This happened to me as well. Ridiculous billions+ valuations for companies that have not much of a moat and questionable market sizes, plus competition. Consequently the stock grants were for laughably thin slices of the company for massively inflated "Fair" Market Values per share, not to mention below-average salary offers. Basically, many startups think employees are only too willing to assume inordinate amounts of risk to make founders and their cronies rich while putting their futures on the line, and expect employees to be grateful they are given such opportunities. F that.