3 ms·
Except they can treat current employees differently. It doesn’t have to be a down round. In the case I’m thinking of, valuation went up a lot… it was the opposi
by azinman2 6y ago
Except they can treat current employees differently. It doesn’t have to be a down round. In the case I’m thinking of, valuation went up a lot… it was the opposite of a down round. And it was all engineered to screw all the previous people as it was taken over by an entirely new crew as a lead investor directed.
- s1artibartfast 6y agoIt is hard to speculate on what happened without more details. There are a lot of ways founders and employees can bee screwed, especially shenanigans with options, but as I said above, Im not aware of any of anyway to destroy fully granted/vested stock.