2 ms·
Yeah, that is the option. They buy his equity for what it's worth. Currently that's not much, but apparently still more than they can afford.
by tootie 6y ago
Yeah, that is the option. They buy his equity for what it's worth. Currently that's not much, but apparently still more than they can afford.
- tptacek 6y agoThey only have to buy his vested equity. His unvested equity, for all practical purposes, reverts back to the company. In standard 4/1 vesting, you get 1/4 of your equity on your first anniversary, and then equal-sized chunks every month thereafter for 4 years. Prior to that first anniversary, the idea of 4/1 is that you get nothing; the whole idea is to avoid allocating equity to people who don't last a whole year.