[Shatnerz]

> Is my cash compensation adequate? A down-round can make stock grants worth almost zero unless there's a huge rebound.

Most startups fail and options and equity become worthless regardless.

In my experience, the biggest changes will be in morale and company culture. There is a chance that the company gets hit by the "Dead Sea Effect", all the talent starts leaving because they can find better opportunities while the lower tier devs stick around.