> To put it another way: how do you as an employee make sure that your "equity" (including, say, unvested options) is protected? AFAIK, there's nothing employe

> To put it another way: how do you as an employee make sure that your "equity" (including, say, unvested options) is protected? AFAIK, there's nothing employees can do to prevent e.g., the company taking on financing with unfavorable liquidation preferences -- besides I guess... quit.