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In take-home income right? They still have sizeable ownership of the company and vesting.

Yes, they are willing to forego significant salary because they will control most of the profits.

Profits? You must be joking.

They recently took around $3m off the table if I recall correctly.

It was $2m in 2014

You mean "hypothetical profits". There's a distinct possibility of there being no profits at all.

High risk, high reward.