[at5]

As an outsider who analysed moving to a startup, parts of this struck me as being particularly accurate. The employee takes on more risk via

1) Not having full access to the financials and discussions over change of control events 2) Having options with a trigger that activates upon leaving the company 3) Being exposed to massive dilution and having a comparatively small stake

while at the same time being "just an employee". If the startup goes under, founders could possibly parlay their experience into bigger and better things. They can take some money off the table in financing rounds. The employee has to suck it up and go find another job.