[toast0]

GP's discussion was a mega acquisition; there's a lot more ability to setup retention grants for each individual on those.

Even on a mega ipo, there's some opportunity to make stock grants before or after the event.

In both cases, team size matters. If there's a budget for retention or $1B and founders get 90%, that leaves $100M for regular employees; if you've got thousands of people to retain, the payouts won't be large. With a team of 100, the payouts will be nice.