4 ms·
O.1% of common shares with complicated tax options. Investors get preferred shares cause they invest money. But engineers get common shares even though they're
by ditonal 10y ago
O.1% of common shares with complicated tax options. Investors get preferred shares cause they invest money. But engineers get common shares even though they're asked to take paycuts.
Startups insist this is "standard". Well I hope it's standard for them to fail until they actually value engineers. I don't see why engineers need to be a monastic underclass to subsidize founders and VCs.
- maerF0x0 10y agoDon't forget 90day expiry if you leave. Even though you already sacrificed the salary for them. Also very unclear legal ramifications if the company is sold. ie, do you get immediate vesting, do your options disappear, do they become some number of options in the new firm (how many, why that ratio?)... They can deny the sale to anyone until IPO. Its comp they can take away, block or otherwise control.