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90 days if you leave is deceptive and will lock you to the company unless you're independently wealthy. A less deceptive thing is a 7-10 year window if you leav
by joshuamorton 6y ago
90 days if you leave is deceptive and will lock you to the company unless you're independently wealthy. A less deceptive thing is a 7-10 year window if you leave, because that isn't "you forfeit your equity when you leave if you aren't already wealthy."
Equity pricing is also nonsense for many private companies. I was offered 1 million dollars in equity in a company 4 years ago assuming a multi-billion dollar valuation. It's unclear if the company has even achieved that valuation now, four years on. And they're still private.
- rpedela 6y ago90 days for ISOs is US law. They can be converted to NSOs to get a longer exercise term, but there are different tax implications too. Some companies are offering the conversion now.
- est31 6y agoA link going into further details: https://carta.com/blog/pte-90-day-window/ https://carta.com/blog/pte-90-day-window/