You also have to take into account how often equity that becomes valuable gets stolen through some sort of financial engineering. When real money is on the line

You also have to take into account how often equity that becomes valuable gets stolen through some sort of financial engineering. When real money is on the line, investors do not hesitate to change the rules of the game. Its a two part process: 1. Vest valuable equity 2. Hope the powers that be let you cash out said equity