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I have the opposite question.

As long as deals are legal and meet generally accepted ethical standards, it seems that founders and investors have no interest in favoring employees in negotiations that restructure cap tables.

So why do employees make money in a good fraction of successful exits?



Do you have any sources for your "good fraction" comment? I was under the impression that a "good fraction" of startups outright fail before IPO.


I don't know what percentage that is. It is more than 0, however.

So my question is, "So why do employees make money in X% of successful exits, where X is more than 0?"




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