Exit time has doubled in VC. It is a major problem. Hundreds or thousands of people at a single company might be taking lower salaries in exchange for equity th

Exit time has doubled in VC. It is a major problem. Hundreds or thousands of people at a single company might be taking lower salaries in exchange for equity that is unsellable until it goes public (or steeply discounted). Yes sometimes valuations are way too high in private markets but an IPO enables a reset and liquidity. Saying people don’t deserve an exit is saying startups shouldn’t even exist? At some point every company provides liquidity whether it’s stock sales, dividends, merger, etc.