Capitalization Table Cost Product Reputation 
abovethecrowd.com
APRIL 20, 2016
In Silicon Valley boardrooms, where “growth at all costs” had been the mantra for many years, people began to imagine a world where the cost of capital could rise dramatically, and profits could come back in vogue. The explicit details of the capital structure of a company are typically obfuscated from the average employee.
www.quora.com
SEPTEMBER 22, 2011
Early employees are paid a salary from day 1, don't have to have the reputation/connections to raise money, take on much less risk, and often have much more information about the company (team so far, financials, product traction/progress) when they decide to join than the founders do when they found the company. This answer.
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