You make it sound like the founders winning while employees get screwed is specific to acquisitions on crappy terms — it’s not. For most startups that raise a

You make it sound like the founders winning while employees get screwed is specific to acquisitions on crappy terms — it’s not. For most startups that raise a series A or beyond, founders win no matter what, even if not financially: they build connections with funders and founders, develop experience with management, extend their networks, and get a broader view of their sector. This is true even for companies that just straight go bankrupt. Emoloyees usually get none of these things (but often get even less of those things at a big company).