Earlier quoted context omitted.
I've yet to find an employer that would give me more PTO instead of a pay raise. They'd rather pay an extra 10k between a pay raise and corresponding 401k matching increase, but they won't even consider giving me 5 extra vacation days so I'll have the time to enjoy stuff with the money I already have.
As a founder who is soon to start competing in the hiring market, I probably shouldn't be saying this, but there seems to be a huge arbitrage opportunity here available to smart startups. Innovating on tired working practices (that most founders themselves would not enjoy in the least) offers an avenue to out-compete large companies for engineers while paying less cash and making your employees happier, more effectiv…
This could be merely viewing it with the correct amount of doubt, as the trend has been toward less information asymmetry between founders/employers and candidates/employees.
The small size of employee option pools (which then get diluted) doesn't help, either. I can't remember where/when I read it, but I believe YC is pushing to change that.