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If they lower your wage you will notice immediately. Also, the games they can play with wages are more limited due to tight regulation. One of the “features” of equity is lower regulation.

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Which is why VCs, with equity, always get easily screwed out of their value.

Right?

Because there is no way to protect equity.

Right?

The way to look at it is that the person with majority ownership writes the rules unless there is regulation around it. The VC's own more of the company, are issuing new shares. As an employee, you won't be in that situation. VC's are more protected because of their ownership and decision making power (in the sense of controlling most of the shares and board and ceo), not just because they have some shares.

So then the founders always get screwed too, out of everything?

Because VCs can do anything they want? Because all contracts, and lawyers are worthless, right?

And only VC lawyers know how to write proper contracts, right?

So you will always lose?

Next on HN: now that American capitalism is proven null and void, on to the next bad thing!

What a load of hogwash. Do as I said in my original post.

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