A program where where the state pays before collecting from the company would be pretty amazing, so I read your link and the related form.

I found no evidence the state pays before collection; in fact they warn that "collection depends upon your employer’s financial ability to pay, business closure, bankruptcy filing or location of money and assets". It might still be a good program to help assert an employee's claim with the weight of the state agency, but there are other caveats which might make many Vidoop employees ineligible for even that sort of assistance, such as a total unpaid amount more than $10K or "having a direct financial interest" in the company, which many startup employees might have.