It's really funny when Founders are stodgy about giving more than a single percentage of equity per employee when those early employees will probably work just as many hours.
"If you're a YC founder, you're in the club. You were picked. It's great if you succeed; if you fail, you have a network. If you're a YC employee, you're just an employee of a small startup. YC founders seem, at least from this, to be blind to the fact that their employees aren't able to cash in on the prestige of being YC and will therefore expect hard currency."
Well said.
It's actually infuriating when one joins a pre-YC company and contribute to the company, yet don't get to attend any of the events. It's like as a non-founder you are not worthy of ever setting foot in their room or gaining knowledge, despite the fact that so many non-founders have contributed significantly to a company's trajectory. Though I think the Silicon Valley community has an especially strong fixation on founders.
I'm working in an office without any African American males or Hispanic American males. Does technology have a racist problem?