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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 L
by 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