If you’re joining after there’s been any money raised, you’re likely triggering some taxes. How many people are joining startups that haven’t had a 409A yet? I

If you’re joining after there’s been any money raised, you’re likely triggering some taxes. How many people are joining startups that haven’t had a 409A yet? I’ve joined seed stage companies and even then - there’s a FMV that would trigger taxes. My more general point is that you should be a founder (cause it’s what you want to do) or join a pre-ipo (cause you need employment/money).