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Were you ever promised these grants in writing? If not, you probably have a very difficult case to make. The management of a company, and potential acquirers,
by neilk 15y ago
Were you ever promised these grants in writing? If not, you probably have a very difficult case to make.
The management of a company, and potential acquirers, have a zillion ways to screw employees out of the value of their options. If your management is trying to screw you now pre-money it's only going to get worse. I say leave at the earliest opportunity.
- sumohacker 15y agoYes it is clearly written down that we have grants, but the specifics are not written (at least for most employees, it seems). The options are definitely in the money already.
- neilk 15y agoLike what, "there will be option grants"? Seems dubious to me but I'm a layman. You can hope that a wild lawyer appears on HN but you should really get your own.
- sumohacker 15y agoYes. I have letters on company letterhead that say things like "We will get you your option grant paperwork soon. Sorry for the delay." unfortunately it has been a while since then..
- amorphid 15y agoDid the founders promise you a certain amount of equity?
- sumohacker 15y agoYes, verbally. More than once and many months part. I believe they will come through with an agreement of some kind, but I worry about receiving the specifics of what I (and others) got promised.