It kind of is if you demand more than that from everyone else. A peon is killing himself for 0.5% equity while you’re sitting pretty on a 40% stake. It’s not like people are dumb or blind.
And enough with this “making a bet” bullshit. Founders aren’t betting their own money, and they are getting paid considerable salaries for their work. IOW they aren’t risking anything. Not even opportunity cost.