Hacker News Reader

thats preferred stock baby. Startups still a scam to work for.

Nearly certainly they were not. Any stock holder would be blacked out including existing investors.

That’s simply not true. You can look at the SEC filings and see exactly who was able to liquidate during the IPO.

I’m not passing judgment as to whether that’s “good” or “bad.” It simply is.

There are always haves and have-nots, lol. “Tech” isn’t exempted.