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by sheepmullet 4309 days ago
"That's been tried a lot and is often referred to as "sweat equity". Most people won't go for it when there's 5 jobs across the street that will offer cold hard cash which they have obtained by getting a premium on equity with a VC."

How many startups offer the first few employees a reasonable amount of equity (>5%)? Most startups will offer 1% if you are lucky.