3 ms·
Usually there's a 1-year 25% cliff, then the remaining 75% vests monthly over the remaining 3-years, at least that was commonplace a decade ago. So at 3 years
by pengaru 5y ago
Usually there's a 1-year 25% cliff, then the remaining 75% vests monthly over the remaining 3-years, at least that was commonplace a decade ago. So at 3 years on such a schedule you would have been able to exercise 75% of the initial grant.
- psyc 5y agoBased on what valuation? Sell them to who? It was a privately owned company. I doubt I'd have been able to persuade the founder to buy my stake considering I'd signed a thing that said I get nothing if I quit before they exit.
- pengaru 5y agoNothing remotely resembling a standard 4-year vesting schedule... But being guaranteed 1% stake on exit in writing is in some ways better. Most folks w/options are getting heavily dilluted with every round of funding, but at least they can exercise and move on for more lotto tickets after 1 year.
- b112 5y agoEvery time I visit the valley I buy lottery tickets. Seems appropriate to me, and more viable.
- konschubert 5y agoI can confirm that the kind of option plans as psyc describes them exist. At least in Germany.