3 ms·
Dropping the cliff period for new employees is pretty much useless. The equity/ESOPs new employees will be exercising will be of the last valuation price which
by actuator 6y ago
Dropping the cliff period for new employees is pretty much useless. The equity/ESOPs new employees will be exercising will be of the last valuation price which would be already high, and after Covid-19, with the struggles of tourism industry as such the notional value would have fallen a lot. So if you exercise those significantly expensive options now, you would probably need to hold it for a long time and really believe that AirBnB can be where it was.
- lucasmullens 6y agoFrom some other comments it sounds like they're RSUs, not options.
- actuator 6y agoWhy do you need to buy the RSUs then? Don't you already get them once they vest.
- truthwhisperer 6y agodoes it matter? You want to make the world a better place right? Or is the world defined as a 50^2 place somewhere in a too expensive part of the world .. hmm
- hilbertseries 6y agoI think there was a 1 year vesting cliff, so if you get laid off before a year you get your rsus prorated instead of getting nothing.