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That's very strange. I have a friend who joined a startup in New Zealand, and they also didn't get any equity. Maybe startups in New Zealand could start offeri
by nathan_f77 8y ago
That's very strange. I have a friend who joined a startup in New Zealand, and they also didn't get any equity.
Maybe startups in New Zealand could start offering some equity to attract the best software developers.
- sitharus 8y agoyep, the biggest NZ startup - Xero - gave equity to all full time employees. The difficulty is accounting for it due to how income tax is assessed on stocks which makes US-style stock options unattractive. Most companies that offer stock do it through a related-party loan and a bonus to pay that but there are interesting tax implications.