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I am sure this says more about me than anything but if a company lays me off there is zero chance of me exercising options in that company. Edit: I read the li

I am sure this says more about me than anything but if a company lays me off there is zero chance of me exercising options in that company. Edit: I read the link and it appears to apply to RSUs as well. What I said about options is true but RSUs, different story. I’d sell those for sure.

PopAlongKid 4y ago
Patreon is not publicy traded, so your ability to sell any RSUs is very limited.
aeyes 4y ago
Why not? Options are usually "in the money" so if you don't exercise them you are throwing away money which you already earned.
- avg_dev 4y ago
  Perhaps I’ve had bad luck but I’ve never had options that would have been worth anything.
  - sk5t 4y ago
    That's regular luck, or at least not bad. Options worth > $0 is an occasion of very, very good luck.
    - chrisseaton 4y ago
      > Options worth > $0 is an occasion of very, very good luck. Why do you think that? It doesn’t require ‘very, very good luck’ for most companies shares to not collapse. If you work for a big company like Oracle or IBM your options have cash value no luck needed.
      - none_to_remain 4y ago
        Options as tech startup employee compensation vs. Options in general
      - sk5t 4y ago
        > Oracle or IBM What? These are public companies; short-dated OTM options have > $0 value only in volatile markets. But these companies don't pay employees in options.
  - acchow 4y ago
    That's expected. Most startups never recoup the funding they raised.
- leoqa 4y ago
  This is true for liquid options. Startup options are not liquid, there is a chance they’re illiquid until the company folds or is bought- and in an acquisition of a struggling company they’re likely to prioritize higher share classes before common stock gets to see a piece of the price.
  - hedora 4y ago
    They’re extending the exercise window to 5 (or more years) for laid off employees. There’s no reason not to at least hold on to the options until IPO.

PopAlongKid 4y ago

Patreon is not publicy traded, so your ability to sell any RSUs is very limited.

aeyes 4y ago

Why not? Options are usually "in the money" so if you don't exercise them you are throwing away money which you already earned.

avg_dev 4y ago
Perhaps I’ve had bad luck but I’ve never had options that would have been worth anything.
- sk5t 4y ago
  That's regular luck, or at least not bad. Options worth > $0 is an occasion of very, very good luck.
  - chrisseaton 4y ago
    > Options worth > $0 is an occasion of very, very good luck. Why do you think that? It doesn’t require ‘very, very good luck’ for most companies shares to not collapse. If you work for a big company like Oracle or IBM your options have cash value no luck needed.
    - none_to_remain 4y ago
      Options as tech startup employee compensation vs. Options in general
    - sk5t 4y ago
      > Oracle or IBM What? These are public companies; short-dated OTM options have > $0 value only in volatile markets. But these companies don't pay employees in options.
- acchow 4y ago
  That's expected. Most startups never recoup the funding they raised.
leoqa 4y ago
This is true for liquid options. Startup options are not liquid, there is a chance they’re illiquid until the company folds or is bought- and in an acquisition of a struggling company they’re likely to prioritize higher share classes before common stock gets to see a piece of the price.
- hedora 4y ago
  They’re extending the exercise window to 5 (or more years) for laid off employees. There’s no reason not to at least hold on to the options until IPO.