[alynn]

Yup, this is very common.

Exact numbers are pretty confidential. Ballpark numbers from something a few years ago: tech company sold for $400+ million. CEO got $10 million, head of sales $5 million, CTO $1 million, middle managers $20k, and regular employees $5k. VCs got everything else.

Seemed pretty standard from what I could tell.

Not a new practice at all; first heard of this happening to a friend about 15 years ago, his share class was revalued to zero at the same time as the acquisition of the startup he worked for.

And this goes back even further: https://web.archive.org/web/20050208022306/http://www.suck.c...