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As an employee, instead of exercising, say $30k worth of ISO, I would much rather buy $30k of preferred at fair market value. Even better if I got a discount on
by zapita 7y ago
As an employee, instead of exercising, say $30k worth of ISO, I would much rather buy $30k of preferred at fair market value. Even better if I got a discount on fair market value. I would also like the company to pay the 30k upfront as a loan or sign-on bonus, a common practice for executives already.
- alecbenzer 7y ago> I would much rather buy $30k of preferred at fair market value. Sure, but VCs aren't getting shares at FMV either.
- zapita 7y agoMy bad, I meant "at the same price as VCs". You are correct that's not what fair market value means.