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So essentially employee equity is never "significant" in your opinion?

Completely understand that, but my question was about significant from an employee perspective as I mentioned in the OP.

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Employee equity is usually not significant as equity. It might be significant as compensation. That's more likely if it already has value and the offer is in terms of shares. If it's in terms of percent, then we are talking equity not compensation: we're talking about ownership and control of the business and shaping the direction of the company.

Is the value of 2% of a startup meaningful compensation? Probably not. See my valuation elsewhere in this discussion.

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