> It absolutely is an inferior product. I don't think they were disputing that? But it's not dollar-for-dollar equivalent -- VCs are paying more (a lot more, I

> It absolutely is an inferior product. I don't think they were disputing that? But it's not dollar-for-dollar equivalent -- VCs are paying more (a lot more, I think usually) liquid cash per preferred share than employees are paying liquid cash per option of common stock.