I disagree, look at the options given to Skype employees [1], being in the valley doesn't magically mean that your safe from the dark side of the force.
[1] http://techcrunch.com/2011/06/26/skypes-worthless-employee-s...
[1] http://techcrunch.com/2011/06/26/skypes-worthless-employee-s...
very rarely do founders fuck their employees over, relative to how employees are treated in most places. Founders vs. VCs or Founders vs. PE is more common, but founders at a late-stage company should be a lot more educated and resourced.
It's mainly at the idea to startup to series A stage where people are fairly universally honorable, at least among the top people.
I had typed up my experiences over three exits in that thread, posted it and deleted it a few minutes later as it didn't add enough to the discussion relative to what it revealed about me.