Salary vs Equity for job at startup

One of my kids loves being in a small company where he makes a difference. He was fine with taking risks when he was younger and before he had a family. He has worked for 3 start-ups, and had to deal with 2 layoffs, one during a big market drop and one when his company was postured for a buyout and they d/c’d the dept he was in. He managed to cobble together other opportunities. He didn’t starve. He then considered an MBA and did all to move forward with that, but had the opportunity to join another small company that was still young. (That last one was after he was married but before kids.) It was subsequently acquired by a big, well-known company and he came out just fine. No risk, no gain. He considered leaving for another start-up about 3 years ago, but with the family and responsibilities he decided not to. He still may at another time, but not now.

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