You&#x27;re looking at it the wrong way. For better or worse, people are made an offer when they first start. Stock in a company that is &quot;less of a sure thing&quot; (earlier stage) is worth less. So, they must receive more of it to have it correspond to a certain amount of salary they might be missing out on. What happens later is in the future. It&#x27;s like the employee is an angle investor.