Comment by seattle_spring

> as the sale price($5.1B) is greater than funds raised($1.2B) everyone made some money

Absolutely not true. It means someone made money, but it very much does not mean that "everyone" made some money.

In deals like this, common stock often is valued at $0, and employees are instead given a 4-year grant of RSUs in the new company. In other words, their time at Brex was worthless, and they have to last 4 years to get anything. The schedule is often back loaded (eg $0 in the first 2 years, 50% at year 3 and 4). Since most folks won't make it to 3 years, the company knows they won't be paying out almost any of these grants.