5 ms·
Palantir is worse. Far worse. They are still on options when they're valued at $10B+. They're smart though. This reduces their employee comp cost significantly
by hkmurakami 9y ago
Palantir is worse. Far worse. They are still on options when they're valued at $10B+.
They're smart though. This reduces their employee comp cost significantly through cheap internal buybacks.
- JumpCrisscross 9y agoThere is a diversity of approaches. Some companies let anything through. Some want to speak to the newcomer first. Some aggressively exercise their rights of first refusal, or outright block sales, while providing internal tenders for employees. Uber stands somewhat alone in doing none of those things.
- hkmurakami 9y agoImo at least Uber offers RSUs where your "$200k in equity" is actually $200k in equity if/when they do exit. "200k in equity in option strike value for a very late stage startup is very unlikely to be ever be worth $200k even if an exit event happens. I suppose that there are many different ways to be evil in this game, and we're just arguing which tactic is worse.