It’s also possible that both are correct, and the deal is actually illegal. It’s pretty common for deals to push close to the line to extract maximum value for one set of parties, and sometimes this is misjudged.

I guess we just need to wait and see if the common holders are happy or sue.

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ece 13 hours ago | parent [-]

If you join a startup, be ready to hire a lawyer.

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cj 13 hours ago | parent [-]

Or accept the fact that stock options are worthless, and don't accept a job offer if you're unhappy with the offer sans stock options.

	▲	iancmceachern 7 hours ago \| parent [-]
		This is the way