[golergka]

Keep in mind, that with this kind of sell deal, employees and investors have drastically different risk sensitivity. For employees cashing in their stock options or getting stock, it could be up to a half of their middle-class compensation – not the kind of money a rational person would put into risiker investments. But funds that invest in startups are specializing in high risk/reward, which their customers – other financial institutions who put a minor portion of managed money in such ventures, or individuals who are significantly wealthier than middle class and can afford to lose a lot of money without damage to their livelihood and lifestyle.

So, my point is, these kinds of deals are very often win-win, and can't signify that there's something wrong with the company.