This is silly. You can literal export a high level view and change VC names to “VC #1” and employees to “Individual #1” and still easily relay the info that the employee needs. I don’t buy the privacy or security arguments.
I disagree completely.
That being said I believe company’s and founders should be as transparent as possible but sometimes that can come at a price and so it’s not ideal to be completely forthcoming.
The vast majority of them fail anyway, and it's a long shot to ask me to trust them not to fuck me over with equity based compensation.
Working in a startup can easily turn into a rough ride - for not much benefit.
So you might just as well start a company of your own.