Reading a lot of comments it's clear to me some of the people commenting have never been through a startup in its final phases. At least in my case, it was well obvious to everyone 1+ year before it happened because repeated attempts at funding kept failing, parties got smaller/disappeared, pay freezes, layoffs, snacks in the fridge started getting slimmer and slimmer pickings.<p>The worst part though is when you're in that spot you <i>should</i> jump ship, unfortunately, there are sunk cost fallacies involved and sometimes a fair amount of equity that makes you want to try to hold on <i>for just one more month.</i> Who knows, maybe a miracle will happen or a deal will be closed.<p>I did not appreciate in my scenario that the founder REJECTED a buy offer for what would have been a life changing amount of money for me, because he thought it was too low. We were gone less than a year later, and in the final 4 months, we didn't receive paychecks and were told if we left it'd ruin an acquisition and we'd screw all of our coworkers over. So that wasn't fun. We never got bought and were peddled around the country like prized cattle to disinterested companies that didn't want or understand our tech. Very miserable.