This article focuses on "VCs wringing their hands" about zombie unicorns, but I'm kinda baffled at what the employees are thinking. For an employee, it would s

This article focuses on "VCs wringing their hands" about zombie unicorns, but I'm kinda baffled at what the employees are thinking. For an employee, it would seem like the only (financial) reason to stay at one of these companies is if you didn't have any other options - which I imagine is reasonably common these days with the tech job market being in the shitter. But stock options at these places are nearly guaranteed to be worthless, with any sales proceeds going to investors with preferred shares. I think a lot of employees may stick around for social/personal reasons ("I helped build this company and I want to see it have a successful exit"), but speaking from experience, it's better to cut ties and move on. Time is your most precious resource, and using your time on a slowly dying company is usually a poor use of that resource.