4 ms·

One year vesting schedules at Lyft

• deleted 5y ago
  [deleted]
• askafriend 5y ago
  I'll be avoiding companies with this kind of policy.
  • throwsenioreng 5y ago
    Right, my current FAANG-tier company does four-year vesting with no cliff (I say this because one of their counter-arguments was that "there is no cliff" with Lyft's vesting schedule -- but it is NOT any sort of meaningful advantage if you can already get that with normal pro-employee 4-year vesting schedules). The ample growth in stock price since I had joined my current company has encouraged me to stay the full four years (and I know that tech companies have trouble with retention). FYI Stripe also implemented this "innovative" vesting schedule as well. I was even going to interview with them because I was extremely bullish about their company's prospects. What a shame. This is a YC forum. If anybody can pull strings at Stripe to get them to try to change back to normal four-year vesting, I would interview there tomorrow! There's also an ongoing "boycott" thread on Blind towards companies that do one-year re-vesting. Apparently others have the same sentiment.
    • mandeepj 5y ago
      > if you can already get that with normal pro-employee 4-year vesting schedules That's a big "if" and beyond any (future) employee's control to get it changed
• JoshuaDavid 5y ago
  This seems like a reasonable vesting schedule for any company large enough that any individual employee is unlikely to substantially alter the trajectory of the company as a whole. Especially in the case of Lyft, which is public, if you want more exposure to the trajectory of the company you can always buy more shares. On the other hand, if employees are assuming that the stock price will go up and this increase in stock price will comprise the majority of the increase in total compensation, opposing this kind of policy makes sense.