I appreciate that our approach to compensation leaves some with overwhelming feelings of whataboutery, but no, we (of course?) do not have equal equity: as we have said (several times?) equity broadly compensates for risk -- and risk has gone down over time. (I used to tell people to "value the equity at zero"; I don't say that any longer because it plainly isn't.)

In terms of the cap table: that's a bit of an odd request? On the one hand, there are no real secrets hanging out on our cap table -- but on the other, based on your tone, it doesn't feel like the request is terrible earnest? (And, I hasten to add, transparency is a value -- not a principle.[0])

[0] https://rfd.shared.oxide.computer/rfd/0002

Risk going down over time is another way of saying strike price and value has gone up- which is another way of saying, some employees are gaining in equity value more favorably than others.

What risk, exactly, did you take on? Did you personally loan the company money?

But in any case - equity is part of compensation, and your company claimed everyone deserves equal compensation.

It wasn’t earnest, you’re right, but only because I knew how you’d respond. The intention was to point out the obvious inconsistencies in your “values.”

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