throwaway12301

PE will "buy" you out of some of your unvested shares. And they offer new ones, possibly way out of the money to try and keep people around. When it happened to me, I lost like 60% of my unvested shares, which would have been worth way more long-term, than the short-term gain they forced.

They'll recap the company, at the expense of IC grants.

Soon, most of the engineering and support will be over in India. I'd make a joke about innovation, but not sure how innovative Square has been the last five years.