Further, options come from a pool of stock that has last priority for cashing out. Preferred stock holders will get all value first, meaning an exit for less th

Further, options come from a pool of stock that has last priority for cashing out. Preferred stock holders will get all value first, meaning an exit for less than the issued stock value will leave options holders empty handed. Sorry if I mixed up any important words, I’ve been out of the game for a couple of years.