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> There’s a huge difference between being there from day one vs day 2,555. Between being a founder and an employee who joined later on

This is true but there is also a huge difference between 97% and 3%

You're looking at this from your point of view, not his.

He's been with you for 7 years, there is nowhere for him to go in the company.

Competitive wages aren't everything. Having some variety in life has its own value.

It's time for him to move on unless you want to give him a reason to stay.

You have to decide if replacing him will be worth it or not.

We don't have the details though so you will have to assess the value, but you need to stop trying to make this about you.

Sounds like you have your answer then :)

1-3% is hardly giving away the farm!