I was passionate for a previous employer, but they burned it out of me. Their inability to make decisions and leaps necessary to really be successful ate away at me. Those things affected me personally, and as an employee, that just can't happen. It's not worth it.
I can emapathize with that. I do believe that could be the case with my team. Some of the guys came from another startup where they were not equity holders.
Does this happen a lot in the industry. If it does happen frequently then it makes more sense for a honest founder to always recruit/ collaborate with younger programmers.