The employee equity relationship today is, I would suggest, quite different than even 20 years ago.<p>EDIT:<p>I refer you to the &quot;The three-class society&quot; section of this essay: <a href="https:&#x2F;&#x2F;michaelochurch.wordpress.com&#x2F;2015&#x2F;11&#x2F;06&#x2F;y-combinator-and-paul-graham-are-bad-for-the-world-part-1&#x2F;" rel="nofollow">https:&#x2F;&#x2F;michaelochurch.wordpress.com&#x2F;2015&#x2F;11&#x2F;06&#x2F;y-combinator...</a>