[3pt14159]

That is what he is saying, yes. Although I think this varies greatly with region, because in Toronto it is more like 4-11% for an ESOP.

[ojbyrne]

"Employee ownership levels are higher in well developed startup cultures like the bay area, boston, and NYC. They are lower in less developed startup communities"

[3pt14159]

Yeah I saw that, I just wanted to give people an idea of how much it can range.