This sort thing is uncommon only in that there was eventually a high dollar liquidity event. When negotiating offers, I always try to get some idea of the finan

This sort thing is uncommon only in that there was eventually a high dollar liquidity event. When negotiating offers, I always try to get some idea of the financing and the liquidation preferences, if only so I can get some idea of what we'd have to pull in for shares to be "in the money" and quite often the number would be something insane like this. You just value the shares at zero. :/