She got 1% of the pre-firesale valuation. Fire sale happened. Preferred liquidation of the later round investors probably took most of the sale's proceed, and

She got 1% of the pre-firesale valuation. Fire sale happened. Preferred liquidation of the later round investors probably took most of the sale's proceed, and she got nothing, along with all the founders and employees. It had happened to me a number of times, and I have been disillusioned a long time ago.