Comment by screye
7 months ago
Works out for Google and the C-suite. Horrible for the employees. These fake-acquisitions are effectively arbitrage against employees, who get left holding nothing. Should be illegal and regulated.
Not sure how the VCs get their cut. I'm guessing that Google can balance it out by participating in rounds for other startups in that VC's porfolio.
It is always the case that the employees get screwed
I recently read a reddit thread about how somebody made 12M on a stock that IPOd. But yeah the majority opinion is that employees get shafted.