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If something like this was ever part of a hire offer, it would be an instant "nope" right there for me.
by stock_toaster 8y ago
If something like this was ever part of a hire offer, it would be an instant "nope" right there for me.
- hobofan 8y agoYou could just do the same as with normal equity benefits and value them at 0 (which for most startups is true).
- jerguismi 8y agoAlso makes me wonder if many stock option schemes make sense at all, if employees think they are worth zero.
- ForHackernews 8y agoThey usually are worth zero, but they also cost the company zero, right?
- hobofan 8y agoNot 100% sure, but dependant on how the ESOP equity pool is structured, it can be quite limiting in terms of fundraising options if not done well.
- jerguismi 8y agoHow is the cost for the company zero? If you issue employee options/stocks, you devalue existing shares. Often investors have invested to the company and have paid cash for the shares. From company shareholders perspective the cost of issuing shares to employees is definitely not zero.
- ForHackernews 8y agoBut unlike regular worthless stock, an offer of cryptotokens in lieu of shares signals that one of the following is true: a) Somebody high up at the company is drinking the cryptocurrency/blockchain kool-aid. b) The higher ups at the company are gullible enough that somebody was able to sell them this Neufund thing. Like the parent comment, I would consider it a strong disincentive to accepting an offer.
- rudolfix 8y agowhy?