5 ms·
I'm sure that "options are for suckers" has a powerful effect in your recruiting materials but I don't think it adds any value to this discussion. Options have
by encoderer 11y ago
I'm sure that "options are for suckers" has a powerful effect in your recruiting materials but I don't think it adds any value to this discussion. Options have real advantages, you don't have to exercise them "out of your own money", and you ignore that a ton of feathers weighs the same as a ton of bricks. (eg, you're not giving me more money just because you're giving me a promissory note).
There's no doubt that you've created a generous plan for your team. The description of your plan was certainly helpful and illuminating. But this thread seems like an odd place for a recruiting ad.
- AndrewKemendo 11y agoDefinitely isn't a recruiting tool or an ad - in fact I don't even really go into the details of the plan when I do my recruiting because most employees don't really know the difference at that point. If it was an ad it certainly wasn't effective as nobody has contacted me :p. I'm curious what advantages options give employees over a system like ours. I don't see any, and the whole point of our structure was to give employees lower risk and more comfort that they actually owned equity, not a promise of it.
- encoderer 11y agoIt's not that options beat your system, it's that options are what's available and the point of this article is: do the math and understand your equity.
- AndrewKemendo 11y agoRight, and my point is that options aren't the only thing possible.
- encoderer 11y agoTo the job candidate they really are. A rare company like yours notwithstanding. Happy new year.
- deleted 11y ago[deleted]