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A Bolt engineer took out a $100k loan to buy equity. Then, they laid him off

• ColinWright 4y ago
  Wayback machine ... https://web.archive.org/web/20220610165129/https://www.businessinsider.com/bolt-stock-options-equity-layoffs-loan-ipo-fintech-2022-6 https://web.archive.org/web/20220610165129/https://www.busin...
  • kalium-xyz 4y ago
    Doesn’t appear to work. I’m getting url excluded
    • ColinWright 4y ago
      I guess it's been removed.
• pengaru 4y ago
  Talk about clickbait TL;DR: Early exercised using a $100k loan, only vested 25% of that before termination. e.g. only 25% of the loan has been spent. This is not newsworthy.
  • duckweb 4y ago
    Not to mention layoffs only came a few months after this loan was being pushed by executives to employees. And no word from Bolt or Ryan Breslow
  • deleted 4y ago
    [deleted]
• olliej 4y ago
  Yeah, “options” are not something I see the value in. You’re literally paying your employer back your own salary, on the off chance they actually go public. As far as I can tell most companies fail (you simply gave your employer money to have it go away), or get bought out (where it seems most “options” you get were 2nd class ones that don’t count for equity). I cannot understand the appeal, but clearly there is one?