For clarity, although this is probably buried by now: I definitely think that if there is real upside at some point it should be shared with early employees, n

For clarity, although this is probably buried by now: I definitely think that if there is real upside at some point it should be shared with early employees, not just key senior hires later - and I push for this wherever I am. I just don't believe you can make this stick in a expectation-value sense. Certainly not rigorously.