It makes sense to be conservative in valuing equity, but if you think it&#x27;s <i>never</i> worth <i>anything</i>, you shouldn&#x27;t be considering startups in your job search.<p>(Your criticism still partially stands; it&#x27;s common for founders to over-value the equity they offer employees. Way past the last funding round, for example. It&#x27;s invariably a short-sighted decision. Used wisely, equity can be a great motivator.)