3 ms·
> Changing companies is effectively “buying the dip” well put. I accepted an offer at a high-growth, public tech company in January. I talked with my hiring m
by devmunchies 5y ago
> Changing companies is effectively “buying the dip”
well put.
I accepted an offer at a high-growth, public tech company in January. I talked with my hiring manager after the stock got hammered and we agreed to push my start date to April to take advantage.
- jh00ker 5y agoCan you say a little more about this? You signed an offer letter in Jan and then you were able to get additional equity? How did moving the start date factor in?
- jtwaleson 5y agoAn offer typically involves a dollar amount of equity. Not a fixed number of shares / options.
- devmunchies 5y agoIn January, I negotiated an equity grant at a fixed value (hypothetically, $1 million, vested over 4 years). That $1 million value doesn’t change, it’s what my offer agrees to. The strike price (value per share) is based on the average stock price N days before my starting day. If I started Feb 1st, the strike price would be based on the N days before Feb 1. If I push my start date to April 1st, it would be based on avg stock price N days before April 1st. I would rather get $1mm worth of stock at $60/share than $1mm at $110/share, for example.