As an initial employee, who is still doing lot of heavy lifting, and is almost irreplaceable (or replaceable by multiple talented people), I’m wondering whether it’s a good idea to bring up renegotiation? To be fair to the founder, I want to provide options to either significantly increase my equity/salary, or find a replacement and let me move on.
Looking from the founder’s point of view, he is losing on both the options, but status quo will not be acceptable to me. If it remains the same, I‘ll leave anyway … which will be a bigger loss.
Does this look fair & ethical from the point of view of founders?