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Over the last couple of decades, Silicon Valley startups have used one particular offer to attract new employees.

Company stock.

So early

employee, Silicon Valley tech companies don't have tons of cash, but they do have stock.

And if you're an early employee,

you're going to get some of that stock,

and that is often the golden ticket, much more so than what you're earning each year.

That's George Hammond. He's the FT's venture capital correspondent and he says this equity

can turn into a lot of cash if the business takes off.

...