Oh, totally agreed 100%. I’m just saying that there is a way to value a time investment that is on par with what financial investors are buying into. It doesn’t need to be some hand-wavy idea of who’s ‘risking’ more due to the unknown chance the startup might fail, and it doesn’t need to speculate about who would be hurt worse. It can be a purely fair and financial idea for early devs; their stock compensation value is the discrepancy between what the startup pays and what their market rate is.