4 ms·
Wow, so anyone without preferred shares (i.e. all employees) will get nothing in the deal.
by kdamica 6y ago
Wow, so anyone without preferred shares (i.e. all employees) will get nothing in the deal.
- est31 6y agoThat's why people keep saying that stock options of startups are lottery tickets.
- Rafuino 6y agoGood deal though for Aicha Evans, I'm sure!
- jedberg 6y agoSounds like even the preferred holders are getting less than 1x return.
- yowlingcat 6y agoWhy would they? It's well understood that when you raise more than what you sell for, the company has effectively been liquidated in a fire sale. This is the risk of raising a ton of money without having a functional business with real unit economics.