My interpretation is that early-stage start-ups need employees motivated primarily by something other than money (at least in the short term).
Accepting a position at a higher pay than your current one is a low-risk proposition, and start-ups are not an ideal environment for people who prefer to play it safe. Working to make their equity valuable in the long term should be a higher priority for early employees than extracting short-term financial gains.
Accepting a position at a higher pay than your current one is a low-risk proposition, and start-ups are not an ideal environment for people who prefer to play it safe. Working to make their equity valuable in the long term should be a higher priority for early employees than extracting short-term financial gains.