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> Overly cynical. The two times I worked for a startup more than 3 months

So how many have you actually worked for? "2 for 2 [out of the experiences I cherry-picked to rationalize my bias]" really doesn't support your claim that the author is overly cynical.

> The problem is not equity, the problem is picking the right startup.

If only we could predict the outcome of the lottery, we wouldn't even need startups.

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If you are thoughtful and careful and quit quickly at a startup that isn't going anywhere / lead by jerks you can usually pick the right startup.

My point is that equity is great and it does everything it is supposed to do (align motivation / create a great team spirit / reward risk takers). The problem is people think that equity is magical and you don't have to worry about the people giving it to you. They are the weak link - not the equity itself.

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