> This is why everyone in a startup is a VP and ICs climb the ladder to senior in a couple of years.

Another thing I've noticed happening is that if these companies grow into medium sized companies, these OG employees actually become VPs and directors whether they are qualified for these roles or not. Just by virtue of them being there first. I've worked at enough medium sized companies and have seen this at every one of them: "Why is this moron SVP of engineering?" "Well, he was employee number 5 back in the day."