The firm that bills by the hour cuts its own revenue when output per hour doubles. So does the worker on a fixed salary — one level down, same division problem.
The number on your option grant was calculated by an independent appraiser, blessed by the IRS, and may have almost nothing to do with what your equity is actually worth.
Every funding round quietly takes something from you before the money arrives. The people paying for it are never the ones who negotiated the terms.
How a $30M exit left employees with nothing, and the liquidation preference mechanics that made it possible.
Why Founders Must Learn to Pre-Qualify Capital Outreach in 30 Seconds