Percentage stake is also a bollock. Liquidation preference makes selling out good business for VCs. Sometimes founders if they're smart. And engineers are lucky

Percentage stake is also a bollock. Liquidation preference makes selling out good business for VCs. Sometimes founders if they're smart. And engineers are lucky to get anything at all. I highly recommend anyone working in startup world to learn more about how it works in details, and understand how their companies deal with it. You can own 1% of company that's sold for $100M and get $0. And it's all perfectly legal.