[spoon16]

Have you seen anything like what you describe that you can share?

[notbitter]

Unfortunately not. The people who have that spreadsheet would find it very hard to hire if employees knew how the game was rigged.

[notbitter]

Actually, it looks like Fred Wilson did an example here: http://www.avc.com/a_vc/2011/10/liquidation-analysis-continu...

Note that his example does not show a multiple on the liquidation preference, and it doesn't show how the early employees can get screwed even when the founders do well. But it's more realistic than Suster's infographic.