[greenyoda]

"especially when you factor in substantial equity"

Unless your company ends up being the next Google or Facebook (which is a statistically unlikely outcome for any startup), your "substantial equity" may never be worth any significant amount of money. Living in NYC is expensive, and you can't pay your rent with stock options.

[schlumpf]

To somebody who watched the equity bubble unfold in '99-00, this is what a labor shortage looks like.