[rmk]

Sorry to hear that you got nothing for your hard work. But this happens more often than you think. What this means is that people who can scuttle the possibility of investors getting their money out are getting paid to essentially go away and not jeopardize the deal. Investors were getting 1x liquidation preferences in the investing frenzy of the time, so it is entirely possible some of them also have gotten screwed (LPs are generally kept confidential).

Clearly preferred stockholders are the ones who are getting their money out of the pot, leaving nothing for people who can't hinder that in some way (i.e., non-executive rank-and-file employees).