[beambot]

Plus: Anyone who is "top talent" is probably well aware of the negative effect of liquidation preferences on employee common stock value in an acquisition (the topic of the article). So $1B valuations with heavy liquidation preferences are not a good thing to these folks.

[aqme28]

However liquidation preferences are opaque to candidates, so "top talent" just has to assume there are liquidation preferences on all companies.

[beambot]

Those terms are very material to a candidate's compensation package; maybe they should be made known. (Honesty and transparency?!)