4 ms·
This happened at my first startup job. After I started, a new round of funding was announced. After that, my grant was finally approved at a board meeting. At d
by robbiemitchell 9y ago
This happened at my first startup job. After I started, a new round of funding was announced. After that, my grant was finally approved at a board meeting. At double the strike price.
When I raised it, I was told that's the way it works. "Grants are not finalized until the board meeting." End of story. I was a junior employee at the time and had no leverage because I had already been in the seat for weeks.
Not sharing for sympathy, just to highlight the reality: this can happen, and unless you get both the number of options and strike in writing -- or a commitment to make them equivalent -- there's a decent chance you will be screwed out of what you're promised.