3 ms·
The only point of the one year cliff is to pay someone less, or keep a startup’s cap table clean. For a public company there would be no point.
by freepor 6y ago
The only point of the one year cliff is to pay someone less, or keep a startup’s cap table clean. For a public company there would be no point.
- eru 6y agoThe other point is to bind people to the company. It's very similar to a sign-on bonus you can claw back in the first year or two.