Options in the old company would have been worth even less given the preference overhang from existing investors! The new company is actually good news for empl

Options in the old company would have been worth even less given the preference overhang from existing investors! The new company is actually good news for employees as a clean cap table and a reasonable (lower) valuation gives employees a realistic chance that their options will ever be "in the money." The old OnLive was poison.