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That's what this round is for - to allow employees to sell some of their shares.
by acjacobson 4y ago
That's what this round is for - to allow employees to sell some of their shares.
- twblalock 4y agoAt what price? Certainly not a market price. A contrived price in a private sale is usually going to screw the seller.
- scarface74 4y agoAs opposed to holding a bunch of illiquid Monopoly money? I work for a public company. I sell all of my RSUs and diversify when I vest. I wouldn’t use 30% of my cash compensation to buy my company’s stock, why would I hold on to 30% of my compensation in company stop? If you haven’t checked lately, the public markets don’t exactly have the stomach for money losing companies.
- twblalock 4y agoThe problem is that when you sell shares denominated in monopoly money (e.g. shares in a private company) you have no idea if you get a fair price. There is no market to provide the signals.
- scarface74 4y agoI would rather take my chances and not hold on to it. I know eventually the stock in the company i work for will go up. But I would much rather be diversified
- smileysteve 4y agothey weren't going to be able to hold; they were at the 10 year expiration.
- mousebunny 4y agoWhat's Stripe's incentive to do this? Is it just to keep employees happy?
- danielmarkbruce 4y agoHumans made the decision. Some humans like doing what they think is the right thing, otherwise they feel terrible. Feeling like a good human and not a bad one drives a decent amount of decision making.
- kodah 4y agoI would err on the side that this benefits Stripe somehow. Corporate entities don't "do the right thing because it's the right thing to do". They do the right thing because it's strategically advantageous to them.
- danielmarkbruce 4y agoHumans run companies, humans made this decision.
- kodah 4y agoWhether a human made it is pretty arbitrary. Someone came up with a strategy and multiple levels of Stripe decision making thought it was doable and a good idea. Executives, more often than not, will put share holders and company interest first.
- danielmarkbruce 4y agoIn this case they didn't. In this case they had more control to make the decision they wanted too, since they control it.
- kodah 4y agoThat's not how a large company like Stripe works, even if you have majority shares. You still need coalitions.