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It can be a huge deal if some disgruntled shareholder causes legal problems. Binary outcome - most of the time, no consequences, occasionally, massive ones. N
by gyardley 16y ago
It can be a huge deal if some disgruntled shareholder causes legal problems. Binary outcome - most of the time, no consequences, occasionally, massive ones.
No stats for you but short-term employees seem pretty common. I've had them, and I've been one. I bet you've left jobs before a year was up as well.
Zero percent of short-term employees exercise their options when they leave, because they can't. But options are really cheap prior to a Series A, so I imagine a lot of the early people would if they could.
'Blindly' is the wrong word for going with an established industry standard. Job candidates and investors both understand it and expect it - you don't have to waste cycles thinking about it or explaining it. Startups are fussy enough as it is, no point messing with something that works.