You should be giving out a lot of equity to your employees.
Most founders have not managed people before, and they certainly haven't managed managers.
Some day everyone will find out everyone else's comp, if it's all over the place, it will be a complete meltdown disaster
... you want to be proud of how much you can get done with a small numbers of employees.
Great execution towards a terrible idea will get you nowhere.
It's better to have a few users love your product than for a lot of users to sort of like it.