This kind of stuff should be a reminder why startup employees skew so young. It's not just youthful energy. It's that they haven't learned the expected value

This kind of stuff should be a reminder why startup employees skew so young. It's not just youthful energy. It's that they haven't learned the expected value lesson of what their lottery ticket equity really is worth. You have all the dilution & liquidity issues before you even get into this liquidation preference and drag along rights stuff. 99% of kids out of college going to work on The Next Big Thing do not understand any of this.