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But that's the effect that is plaguing unicorn startups - the ones that have to go IPO or get acquired at less than valuation see the employees getting pennies
by bduerst 8y ago
But that's the effect that is plaguing unicorn startups - the ones that have to go IPO or get acquired at less than valuation see the employees getting pennies on the dollar for their equity, while the investors that gave the startup the unicorn status take the bulk of the pay out.
Do you know the terms of this latest round of funding? Has senior management confirmed the class of equity?
- ummonk 8y agoI'm not a current employee, and even if I were, I'm not sure that would be something I could disclose. But I can tell you that in the past Asana leadership has been very good about insisting on clean-sheet terms for investor funding.