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> Smarter folks have just gone for the one or two year cliffs Four year cliffs are much better for employees. Shorter cliffs will cost people a lot of money if
by chris11 5y ago
> Smarter folks have just gone for the one or two year cliffs
Four year cliffs are much better for employees. Shorter cliffs will cost people a lot of money if the valuation shoots up.
- codezero 5y agoI don’t understand. In fast moving small companies (<150) employees this sounds absurd. Are you talking about different companies? Can you maybe give me an example, or something concrete to root your statement in?
- chris11 5y agoI misspoke and used cliff as the length of the grant instead of when it started vesting. Short cliffs are good, some companies are starting to vest equity grants immediately. I haven't heard of a two year cliff. Some companies are also doing one year grants instead of four year grants, like Stripe. That's costing employees a lot of money.
- codezero 5y agoGot it, we are very much on the same page.