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> the ethical thing to do is to offer better cash compensations and less equity

That's one of my main points: Employees have the power to refuse employers that offer equity in lieu of fair salary. But my experience has been that people keep falling for the equity carrot again and again, and as long as they keep falling for it, employers will keep doing it.




Just because it's legal and in your best interest to do things doesn't mean that it's ethical. This is analogous to misleading advertising.




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