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In this tutorial, Declan Bradley, an employment lawyer at Clayton, discusses equity participation for employees in startups. He highlights that many tech startups and growth businesses often lack sufficient funds to offer competitive salaries, prompting them to provide equity packages as part of compensation for employees and consultants. He introduces Euan Ferguson, a consultant and equity expert, who emphasizes the importance of equity structures in attracting talent to startups. The podcast will explore the dynamics of share option schemes and how they can be utilized effectively in compensating employees while fostering a sense of ownership within the company.