Michael, I know from reading your posts over the years that you have been screwed over as an employee, but I wonder if your perspective is skewed by that exper

Michael, I know from reading your posts over the years that you have been screwed over as an employee, but I wonder if your perspective is skewed by that experience. Realistically, if people want market-clearing salaries there aren't exactly a huge pool of companies that can afford to hire them. You're basically looking at series A by default, and the founders who can grow businesses to that level are quite rare. It may be that investors/founders can't tell the difference between luck and skill, so that compensation gets unhinged from what is rationally in the long-term interests of the company. But if employees are really that much better at assessing the difference shouldn't their rational choice be working for a riskier business where they can get meaningful equity? Or just starting their own company?