> " ... but just as much risk, ... " Why just as much? It is often said that, but in reality it is not so. Employee risk is vastly higher. Essentially an em

> " ... but just as much risk, ... " Why just as much? It is often said that, but in reality it is not so. Employee risk is vastly higher. Essentially an employee has 1) all the risk of a founder; 2) plus more uncertainty risk; 3) plus the risk of founders screwing up an employee stock options; 4) plus the risk of getting a bad reference from a founder who screw an employee up. On "uncertainty risk". More uncertainty always means more risk. Founders have all the information and control over what is happening in the company, while employee only has indirect access to both. That means more uncertainty for an employee. And consequently more risk. Also, consider employees and founders future career. Founder don't need good references from employees, and an employee does. That actually means, that an employee has take that into consideration as a risk. Should there be any falling out between an employee and a founder, than not only stocks options and position, but even future career of an employee can be impacted. That is a huge risk for an employee. And, it is not so for a founder.