At this point, both of the tech companies I've been at both match the description and were bought private from public. Ancedata for sure, but it can happen. You

At this point, both of the tech companies I've been at both match the description and were bought private from public. Ancedata for sure, but it can happen. You make money as an employee when this happens, just not a stupid amount of money. A nice bonus amount of money. Depends entirely on how much stock you have accruing.