Yes, startups are always a bit of a gamble, but this feels like a captain abandoning ship while it’s still full of sailors (many of whom have families depending on them).
This really is a whole new level of getting screwed.
This really is a whole new level of getting screwed.
Because for most people, they will end up being worth exactly zero in value. Less if they went and exercised those options prior to a liquidity event that may never happen.
Founders get a big pay day and leave within a couple years while 100 employees share a 1% of the company between themselves.