Is "were" supposed to be "we're"? If it is, who's "we"? Not all startups pay "quite well" and there are varying levels of risk employees take. Some are certainly more extreme than others.

I think skin in the game is proportional to net worth... as a percentage of net worth, I'd bet employees put more skin in the game.

If some unfortunate VC tied 100% of their assets in this, which was tied to 100% of some direct persons money, then that'd suck for sure. Not likely though.

>I didn't say that. I said the VC is putting more skin in the game.

No, they don't. They are putting more money in the game, but way less skin -- since with "skin" we usually refer to actual personal consequences (it doesn't get any more personal that our own literal skin).