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An employee can’t sell their options to an SPV any more than they can sell it to any other investor if their agreement places restrictions on selling (most do n
by jsjohnst 9y ago
An employee can’t sell their options to an SPV any more than they can sell it to any other investor if their agreement places restrictions on selling (most do now days). While otherwise stating several facts, OP is wrong in his overarching premise that the SPV had basically anything to do with large investors being able to sell their ownership or not.
- sjg007 9y agoI think you can exercise the options and sell the stock subject to whatever rules you’ve agreed to, like right of first refusal etc... at any rate employees should refuse to work at startups with crappy schemes.. even uber.
- jsjohnst 9y ago> at any rate employees should refuse to work at startups with crappy schemes I agree, but not everyone is in a position to do that.