I have a radical idea that I’d like to see put into practice. Hopefully do it myself at some point.

We tell a story about risk and innovation that justifies founders and early employees getting massively more value (equity) than later employees.

And the amount of equity given out falls off a cliff as the company grows. So you have some people with ownership that is 10x, 100x or even 1000x larger than others. That leads to radically different outcomes.

What if we rethought equity rewards to substantially flatten those ratios? And maybe 20:1 or something was the max ratio.

Then employees truly are owners.

Certainly lots of issues with this half baked idea. But my overall point is that I think the typical equity pyramid is deeply unfair. It could be more equitable.