Token incentives are going to change the game for startup employees!
Simple vesting schedules
Exercise when you want
Clear path to liquidity
Startups offering equity are going to have a very hard time hiring vs. startups offering tokens
I worked at one of YC's fastest growing startups and made it to senior management.
Most of my equity was in the form of refreshers. When I eventually left, I couldn't afford to exercise my options, so I took out a non-recourse loan.
The outcome was extremely painful👇