nothing you commit to employees regarding your equity matters It matters, but as an upper bound rather than a lower bound. I am aware of one case where the fi

nothing you commit to employees regarding your equity matters It matters, but as an upper bound rather than a lower bound. I am aware of one case where the first non-founder employee got options representing less than 0.01% of the company. In other words, a $100 mil exit would be worth less than $10,000 to him. He didn't realize this until years later. To avoid situations like this, as a prospective employee, you should always get the valuation information up front.