If you’re taking pre-IPO stock as part of your compensation, always remember they can screw you

Whoa.. this is completely nuts. Edit: just did some research, and it seems a reverse stock split usually occurs when a company is in distress/in really poor shape. These pre-IPO companies are always high risk I guess =\

Damn 🤯

What the actual f***..

This is actually wtf news and a big lesson for those who join startups without asking how many total stocks they have printed so far. If any startup cannot share that number, move on.

The engineer interviewed in the article that viewed his loss as Vegas money is correct. Thank you for the reminder, OP. I only have a few more months to decide whether to exercise options from a startup. In other words, paying real money for a promise.

Thanks for the post @OP .. never knew such things can happen

Article mentions stock split for upto 1000 employees. Actifio doesn't even have 1000 employess Whats going on