4 ms·
Unless tech crunch got things very wrong, they didn't. The investors will get a base hit, the employees, nothing.
by 20yrs_no_equity 10y ago
Unless tech crunch got things very wrong, they didn't.
The investors will get a base hit, the employees, nothing.
- JonFish85 10y agoI bet the investors did OK. Some employees might get a nice retention package, but they'll have to sign a document stating their stock/options are now worth $0, so they can take or leave the retention deal. The founders probably did OK, but they might have the same type of deal ($0 for their stock, except their retention is probably orders of magnitude better than any employee's).
- deleted 10y ago[deleted]