[sjg007]

What probably matters most for many people here:

“We probably need to fundamentally rethink how do private companies compensate employees, because that’s going to be an issue,” said Mr. Kupor, of Andreessen Horowitz."

Many of these private IPOs restrict employees to selling shares back to the company at say 10% of the vested allotment. This forces people to the secondary market. Also new language in options agreements try to prohibit secondary market selling.. So it is basically a mess and practically impossible to get information.

At least most of the unicorns have extended the 30 day exercise after you leave issues. Don't join a startup that doesn't give a longer (e.g 2-10 year) time frame for buying your vested options. Odds are post series A you won't be able to afford them unless offered a private liquidity event and then you can only sell some small percent anyway.