3 ms·
According to Ryan Brewslow, > There IS risk to the employee; they now have a real loan outstanding and 100% personal recourse, so if the common stock becomes l
by stu2b50 4y ago
According to Ryan Brewslow,
> There IS risk to the employee; they now have a real loan outstanding and 100% personal recourse, so if the common stock becomes less than exercise price, their personal assets are on the hook
So I suppose the bank will be after your personal assets?
- onlyrealcuzzo 4y agoIt's usually quite rare for startups to offer good equity. HOPEFULLY this loan isn't a lot more than OP's salary. And theoretically, they can be sold for a decent percentage of the principal.
- ta988 4y agoAin't gonna happen they will be worthless.
- onlyrealcuzzo 4y agoThey shouldn't be worthless yet. And OP should be able to sell them.