> Isn't it pretty much up to the founder and board whether you get diluted (and how much) in the future Yes, but if your grant is in the same class as all the

> Isn't it pretty much up to the founder and board whether you get diluted (and how much) in the future Yes, but if your grant is in the same class as all the other regular folks (vs founders, C-suite, and investors), your protection, such that it is, is that the founders want to keep their good reputation. If they choose to dilute the normal stock classes to nothing for their own benefit, word gets around and it will be much harder for them to hire at their next startup. If they have no other choice than dilution to keep the company afloat, and can demonstrate that to the rank and file, that's still a negative signal, but less of one.