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by 20yrs_no_equity 3563 days ago
Unless tech crunch got things very wrong, they didn't.

The investors will get a base hit, the employees, nothing.

1 comments

I bet the investors did OK. Some employees might get a nice retention package, but they'll have to sign a document stating their stock/options are now worth $0, so they can take or leave the retention deal.

The founders probably did OK, but they might have the same type of deal ($0 for their stock, except their retention is probably orders of magnitude better than any employee's).