> As time has moved on the gap in pay between startup and FAANG and now startup and any company offering RSUs is just too large for startups to compete for talent.
My reading is that founders and VCs got greedier (or they were always this greedy, but the reality distortion field has since failed). Back in the day, working at a startup appeared to offer a plausible path to life-altering wealth to employees with stock options - these days, the cat is out of the bag: dilution by endless funding rounds, no route to IPO, preferred stock fuckery, and a countless other ways of being screwed over by information and/or power asymmetry.
My reading is that founders and VCs got greedier (or they were always this greedy, but the reality distortion field has since failed). Back in the day, working at a startup appeared to offer a plausible path to life-altering wealth to employees with stock options - these days, the cat is out of the bag: dilution by endless funding rounds, no route to IPO, preferred stock fuckery, and a countless other ways of being screwed over by information and/or power asymmetry.