4 ms·
This is quite a long write up for something that affected fewer than 10 people. The most worrisome aspect is that the CEO to some extent lied about not firing
by ppeetteerr 4y ago
This is quite a long write up for something that affected fewer than 10 people.
The most worrisome aspect is that the CEO to some extent lied about not firing people. That's probably the biggest red flag when it comes to a company: a CEO not willing to be honest with their people.
- kurupt213 4y agoIt almost seems like securities fraud. Lie to the people you are encouraging to borrow money to buy stock?
- ppeetteerr 4y agoDepends on the timing and the conditions, but if my CEO did that, I'd be looking for a way out.
- htyrgwne5 4y agoYMMV, but this worked out quite well for me. In my case I'd worked with the founder at their prior startup, where they saw a nice exit (but I was too late to significantly benefit). When I later joined their next startup, they offered a no interest loan to early exercise my options, so that I could go the 83b route and see some tax benefit. Like I said, this ended up working out quit well for me.
- ppeetteerr 4y agoI was more referring to lying about layoffs
- skrtskrt 4y agoWell a ton more that didn’t get laid off borrowed money to exercise that have likely had their valuation crushed. The fact that the C suite felt comfortable doing this (even if there were no layoffs) is completely rotten and indicates far more about them and the company than the number of people affected