This doesn't really explain the value proposition to the employee, though. It seems like the only reason someone would take these deals is because they have some sort of fantasy about working at a startup, or really prefer the environment to the point of working 50% more for 50% less pay per hour. I mean, I definitely see the pros of working at a startup, but I value my time, income, and low anxiety levels tremendously more than I value having a bit of extra freedom in my job.
The startup industry and the game industry both share traits with the Hollywood casting couch in terms of filling positions. Which is not to deny that so long as everyone is an informed consenting adult, there's nothing wrong with it.
