throwaway23334

Thanks for the advice. I think with a transaction of this size, the company/founders/executives would be violating their fiduciary responsibility to NOT settle up former employees who are a threatening a lawsuit. The settlement would likely be petty cash for them.

this. It's becoming clear that to maximize wealth, either !. join a public company that has RSUs or 2. be a startup founder

a 10 year exercise window would've solved this, I hope this becomes the standard going forward.

As a founder, let's say you can take home 15 million and your employees get nothing, or you can take home 14 million and your employees get 1 million. Is taking the 15 million because you can and it's totally legal not shitty and sociopathic?

couldn't agree more

I agree with the lottery analogy. But in this instance, the lottery ticket kind of hit? There's an exit event happening, people are getting paid. All of the money that employees paid to exercise their options is literally going to pay out executive bonuses.

Wouldn't it benefit the founders more in the long term to make good with their employees for the benefit of working with them in future endeavours? I guess when you're getting a 7 figure payout, it doesn't matter because you can just retire?