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Most startups in SV though have a standard ROFR clause. So as long as you can find a buyer, you would get paid. That being said, read the options agreement car
by hatred 9y ago
Most startups in SV though have a standard ROFR clause. So as long as you can find a buyer, you would get paid.
That being said, read the options agreement carefully and ensure your interests are well protected.
- timr 9y ago"read the options agreement carefully and ensure your interests are well protected." It's worth noting that, in nearly all cases, you will not receive an options agreement until well after you have accepted the offer. I've never tried to ask for an options agreement prior to accepting an offer, but I'd imagine it would be a very difficult thing to get at most companies.
- notyourday 9y agoSo you accept the offer, get the options agreement and if it does not work for you then you find another job and move on.
- timr 9y ago...or maybe you've quit another job, or moved across the country, or any number of things that aren't easily reversible decisions. Not everyone is 20 years old, single and childless. Point is, negotiate a salary that meets your needs, and treat the stock options like lottery tickets, because that's what they are.
- notyourday 9y agoIf you are not 20 year old, single and childless, you should probably not rely on options in a non-public startup to fund yourself.
- dragonwriter 9y agoIf you are 20 years old, single, and childless, you still shouldn't rely on options in a non-public startup to fund yourself; your age, marital status, and children or lack thereof don't have any bearing on the fact that those options are a “maybe someday worth something" thing, not something with any reliable value or time when they will be liquid.