I wonder whether the left-behind small-fry employees make out comparably to how they would with an IPO or big acquisition.
Or if the deal is more like: "We'll pay you double what you could make elsewhere for the 2 years we want you to Potemkin Village, or you can walk and get paid zero; we don't care, because enough people will stay."
I guess VCs can't force founders to stay (the only penalty for joining Google is loosing some/all of their Windsurf equity, but I'm sure they chose what's better for them), and employees didn't need to agree (they have no vote).
If the people instead just quit their jobs and start working at Google … nothing to see here.