Vardhan Kapoor

For an employee, a company going from US$1 billion to US$10 billion then back to US$4 billion is not the same as a company growing from US$1 billion to US$4 billion organically. While the final valuation may be the same, the steps that follow a down round are far more brutal for employees, who may find themselves facing massive personal tax liabilities, debts or more.
WORKING LIFE

What tech employees need to know to survive the global slowdown

When overheated tech markets cool and valuations shrink, the down rounds that follow can be brutal for workers