Re:Ask HN: Pros and cons of working at a startup in 2018?
by brendonjohn on Monday June 11, 2018 @08:21PM
(#17289746)
Speaking as someone that has stock options... how did your employee options get wiped out?
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Re:Ask HN: Pros and cons of working at a startup in 2018?
by hn_throwaway_99 on Monday June 11, 2018 @08:44PM
(#17289863)
The usual way is that all the investors, who hold preferred stock, get paid before all the employees, who hold common stock. If there's not any money left over after the preferred holders get paid, the value of employee equity is 0.