Except that undermines some of the core points of the letter. They talk about transparency, but are still being quite opaque. They talk about teamwork, but as employee 50, how am I supposed to feel like I'm on the same team as employee 10, when he stands to make several times more than I do if we succeed?
Yes, but it's rare that employee 10 contributes to the success of a company that has a huge liquidity event at the same multiple as his or her equity multiple as compared with employee 50.
