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Comment by swyx

3 hours ago

sorry how did employees get fucked? theres more money after the 1.7B.

All the investors before 2019 got multiples of their investment.

So series B is worth about 250M and series C is worth about 625M. Series C-2 is worth about 1.5B. Series D is worth 425M and Series D2 is worth 300M because of LP. That's a total of 3B.

That leaves 2B for everyone else. Most employees are going to get fucked big time, especially the ones after 2019. They will get a small fraction of their RSUs and all their options will be worthless, if they had options.