venturebeat.com – A family friend recently asked me for job advice. He had just received a job offer from a pre-IPO tech company on the East Coast and wanted my opinion. He had questions about his compensation and equity package. This company had recently raised a big round at a $1.5 billion valuation (what is now called a “unicorn”), and that made the conversation more interesting. It got me thinking about the complexity of private company fundraising and how most employees don’t fully understand the ins and outs of stock option packages, nor the traps.
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