alt Hacker NewsHow were you screwed? Did they lie to you about liquidation preferences during compensation negotiations? Everyone knows that the most likely value of employee equity compensation in privately held companies is zero.
Replies
georgemcbay • yesterday at 9:28 PM
> Everyone knows that the most likely value of employee equity compensation in privately held companies is zero.
Most people (on the employee side) realize this is true if the company does not make a successful exit but only learn that the company can both exit AND their equity can be erased via dilution and preferences the first time they are screwed thusly.
There was a story a year or two ago about exit where company was sold for $350m but all employees for nothing, even the founders.