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cmiles8today at 3:11 AM0 repliesview on HN

While the full details aren’t publicly known these sort of “exits” are generally not home runs for most team members. They’ll get some payout but hardly life changing and will get absorbed into BigCo still needing to find a new job if they don’t stay on.

These kind of arrangements generally get the investors their money back plus a modest return. The employees generally don’t get much, relative to the risk they took.