> So it's entirely possible that the company has an negative expected value for an employee and also a positive expected value for the VC Which is exactly the

> So it's entirely possible that the company has an negative expected value for an employee and also a positive expected value for the VC Which is exactly the scenario the article is warning about: share dilution, refinancing, and all those other strange terms, often rendering the employees' options worthless over time (but not the VC's of course)