4 ms·
No. I would be the first employee.
by m3t4lh3ad 9y ago
No. I would be the first employee.
- mtmail 9y agoThat puts you in a good negotiating position. Assume they're new to these kind of contracts as well and that they ask friends (or online forums) for advice as well.
- m3t4lh3ad 9y agoThey do seem new to the business and maybe that's just it. I've already put this down as a deal breaker to me. So I'll catch up with them next week and see how they respond.
- matt_the_bass 9y agoIf you are their first employee, then you are a critical person, nearly a founder. That should translate to a lot of options.
- dpeck 9y agoYou should be getting RSUs, not options as first employee. And negotiate for single trigger acceleration. And really, just don’t do business with these folks, 4 year cliff is way out of ordinary and hostile to you. You’ll have a much better few years elsewhere and there is little to no chance of success with these folks if they’re fumbling on basic recruiting.
- vinaypai 9y agoThere is practically no difference between options and RSUs early on when the value the company is low and the strike price is (or at least should be) minimal.
- dpeck 9y ago83b seems like a practical difference to me if you hope to cash them out.
- matt_the_bass 9y agoWhat is 83b?
- matt_the_bass 9y agoYeah a trigger for full vetting upon a variety of events is a key point to have as well.