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How does that affect engineer comp? I imagine folks are granted a lot of equity, but if the founders don't want to IPO... is there a buyback scheme in place for
by dont__panic 5y ago
How does that affect engineer comp? I imagine folks are granted a lot of equity, but if the founders don't want to IPO... is there a buyback scheme in place for internal holders?
Mind you, I'm also pretty anti-IPO -- I think that going public usually has a negative impact on a company's products (more push towards profit at the cost of quality and employee QOL). But if you're stuck with a lot of stock that you haven't exercised 10 years on, I can see the engineers getting really frustrated.
- n00bskoolbus 5y agoThe company can offer something called a Tender Offer or Liquidity Event (I've heard them used interchangeably) where when they're raising new funding the employees can put up the shares they hold as a part of the sale. Alternatively a share buy back.