You make valid points but his are more valid. Certainly the reward should reflect the risk taken but at present the reward is horribly skewed in the direction of founders + investors. Employees, who are extremely important, get much less in return. Founders + investors end up with ~ 85% of the stock while the first 10 employees have 14% at the time of an exit/ipo, despite the employees having joined anywhere from 3months to 1 year after the founders. This is ridiculously skewed. Where did you get the number 90%? If the founders fail, does that not mean the employees failed too? All said and done, at the end of the day, the founders can claim stuff like "founded something. got so far and failed" and they'd still be worshipped. What can the first 10 employees claim? "Wrote some code"?

Do not jump to respond aggressively without any actual thought.