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Re:How to Evaluate Startup Offers by fnord77 on Sunday October 10, 2021 @06:53PM (#28822703)
for starters, there's this for IPOs (or lack of IPOs)

https://steveblank.com/2019/04/10/startup-stock-options-why-...

also, anecdotal, I've seen it happen. I was at a recent startup that got bought. I was employee 15. Somehow, the ISOs got set to $0 worth but the founders made out like bandits with their preferred stock.

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