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This is exactly my thought. The author is just guessing. There are 95 comments here, and they are just guessing too.

The real reason of why the employee got zilch would be found by just reading the documentation - the legal agreements awarding the stock options, the purchase and sale agreements, incorporation docs...



There is some chance that the questioner doesn't even exist and that question was just written to be able to write the article in response to it.


I very strongly believe this to be the case. The details don't feel right.

https://news.ycombinator.com/item?id=21359698


The author who has probably done these deals probably knows the most common occurrence and went with it?




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