3 ms·
Unless i am missing something the idea of giving .9% equity to every employee is not going to be sustainable if you grow. I am curious how solve that bit when
by laurentoget 11y ago
Unless i am missing something the idea of giving .9% equity to every employee is not going to be sustainable if you grow.
I am curious how solve that bit when the company grows, in terms of numbers of employees, or in terms of valuation.
Also, if everybody is getting the same valuation in the long term, are you re-inventing the idea of a cooperative?
- Kudos 11y agoThis document isn't set in stone, I'm certain the plan is to reduce the amount of equity offered as the company grows.
- mperham 11y agoI also noticed they vest over six years, not four. Very unusual in my experience and means that they're effectively giving 0.6%, 0.15%/yr. https://github.com/clef/handbook/blob/master/Hiring%20Documents/Clef%20Offer%20Letter.md https://github.com/clef/handbook/blob/master/Hiring%20Docume...