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Good Technology had $556 million in funding:


Per your link, they sold for $425 million.

The investors lost money.

That is not the outcome they were hoping for. However, their preferences did provide them downside protection which was, as I noted, their purpose.

Per both links:

1) Good Technology was valued at $1.1 Billion.

2) The investors lost money, but the employees lost much more.

-> This is the problem with unicorns.

You've completely missed the point.

#2 is not at all clear. Investors lost (collectively) over 125 million dollars. The only employess that lost money are those that exercised stock options and had to pay taxes on unrealized gains. It's highly doubtful that this totaled nearly as much as the investors lost.

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