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A comment on Ask HN: Company is firing all employees – should I still exercise my options?. Parent comment

Re:Ask HN: Company is firing all employees – should I still ... by fatnoah on Thursday March 21, 2019 @04:29PM (#19456951)
Even if the company did sell, it could be at a fire sale price and you could be inline to get paid after investors, founders, etc. IIRC, the term is Liquidation Preference. I held options for about 0.5% of my company when it was sold. They were worth $0 due to such preferences.
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