“When a Unicorn Start-Up Stumbles, Its Employees Get Hurt” via @nytimes http://www.nytimes.com/2015/12/27/technology/when-a-unicorn-start-up-stumbles-its-employees-get-hurt.html?smid=nytcore-ipad-share&smprod=nytcore-ipad
Looks like these employees were really screwed. Another great reason to stop chasing unicorns. 
In Unicorns, Horses or Mules, Employees are usually the first people to get screwed
I think we all learned this from Silicon Valley, the show. Raising against more than you are worth would never end well. Good Technology should really have sold for the 800+ million when the offer was on the table as the fact of the matter was they were running out of money and new investors couldn’t be bothered.
Theranos anyone??
When companies go boom, investors gain
When they go bust, employees feel the pain
That is the law of the pack.