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If CollabNet had given you stock instead of options as part of your comp package they would have ended up just as worthless as your (exercised) options. It's a
by harryh 7y ago
If CollabNet had given you stock instead of options as part of your comp package they would have ended up just as worthless as your (exercised) options.
It's a bit weird that you would take wildly different views on the value of one vs the other.
- strken 7y agoWould you rather have something worthless at no cost, or buy something worthless because you couldn't estimate the cost and then lose all your money?
- harryh 7y agoStock grants aren't costless. You have to pay taxes on them (at either the time of grant or time of vest).
- kasey_junk 7y agoMost are setup to have dual triggers so they only vest when they are worth something. Which means the grantee has a lot less cash exposure.
- harryh 7y agoOh interesting. I've never actually seen a setup like that. I will now consider negotiating for something like that if I ever again join a startup. Thx!
- kasey_junk 7y agoDouble trigger RSU vesting is the ‘standard’ now. It’s so much better for employees that I now see the use of options as a big red flag.