[acgourley]

Exactly. I think people want to be treated like owners more than they want an obtuse legal status of being an owner. In other words, a seat at the table when strategic objectives are being defined is what will make them act like owners, not a RSPA document.

[HWR_14]

I think people join startups for a chance at getting fuck you money, and offering "a seat at the table" but no equity is a non-starter.

[JohnFen]

It all depends on the people. I know lots of people who prefer working for startups not because they're looking to get rich, but because the startup is doing something new that particularly excites them.

And in my statups, I want that group of people, and actively don't want the ones who are just looking for a big payday.