> Stuff like this can ruin people's lives.

But does it really? Sure, it sucks if you get tricked to accept a lower salary, but I'd assume that even a below average software developer salary will be enough to lead a somewhat comfortable life.

Think about it this way:

Joining a startup is an opportunity to be part of a team that's doing something really hard, so you need to trust each other. Lying about the compensation structure isn't a good foundation for trust.

Now, you're spending at least a year of your life, working 40+ hour weeks in close proximity to someone who cheaply misled you.

s/40/80/g

Can you give me some money? you seem comfortable. $40k ought to do it. Thanks.

It is illegal, which is why you'll never see them do it in writing.

It is? I'd believe it, but I'm naive on these matters. Can you explain?