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It's not an outright falsehood. He's referring to the (correct, but also insidious) fact that compared to a 90-day exercise window, more people will end up exer
by argonaut 10y ago
It's not an outright falsehood. He's referring to the (correct, but also insidious) fact that compared to a 90-day exercise window, more people will end up exercising under a more extended window - and this will dilute. In other words, extended windows reduce the number of options returned to the pool, and are thus slightly dilutive.
- mavelikara 10y agoSo the dilution does not come from the exercise period; it comes from rank and file employees being unable to raise the required capital to exercise. So imagine if Kupor had said "We should not be paying employees any salaries; that puts cash in their pockets which enables them to exercise their options when they vest which leads to dilution for every investor" - that would have been an obviously ridiculous position. So is the statement OP is commenting on. On a side note, you have been defending Kupor in the other thread too with such nitpicks. Why?