3 ms·
It seems broken. While the guiding principles are interesting, there's a reason why stock-option plans have evolved to where they are today: all cases have been
by alain94040 15y ago
It seems broken. While the guiding principles are interesting, there's a reason why stock-option plans have evolved to where they are today: all cases have been tried, and they are well understood.
One example of problem in Jason's plan: if you go IPO, you immediately owe 5% payments on the full valuation of your company, to your employees. Where is this money coming from? The money raised during the IPO? Fine, but how many shares did you float?
- tptacek 15y ago"Broken". They're a 30-odd person web app company in Chicago. They aren't going public. They're throwing off cash at a rate that allows them to buy supercars. They're not selling. Why would they? What the fuck good would "options" do any of their employees? Options don't mean anything unless you go public or sell the company. Believe it or not, most companies don't sell or go public. PwC and E&Y seem to incent employees just fine.