The truth is that the rules of who gets how much are strictly a function of leverage. There is no such thing as an objectively fair system in divvying up equity

The truth is that the rules of who gets how much are strictly a function of leverage. There is no such thing as an objectively fair system in divvying up equity. Money was the most scarce element, and thus thsee rules were set up to favor the money. Now, money is not the most important component as the cost of starting companies continues to drop. Founders and engineers have become more valuable than they used to be in the ecosystem. In some companies, especially newer ones that required fewer people to get to solid traction, this is already being reflected in the cap table. In time, I predict we will move to a new normal where employees get more.