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Yeah any startup that pitched me with equity always note that it can only be liquidated during vesting or whatever it is. Though in paper it sounded fair, in my
by fendy3002 3y ago
Yeah any startup that pitched me with equity always note that it can only be liquidated during vesting or whatever it is. Though in paper it sounded fair, in my opinion it gives the decision power to CEO too much that I always decline it.
And also the equity that they give is based on some valuation that's not even real, it's hard to hold that value of.
- varispeed 3y agoI've seen an instance where someone would have to be 3 years at company to be able to cash their shares. He took it as an exchange for lower salary to help company grow. The owners closer to 2 year mark would make his life at company a hell, just so he would quit. He couldn't bear to work there anymore so he left and lost the shares.
- polynomial 3y ago3 years is or at least was absolutely standard. I did notice an uptick in 4 year vests, but not enough evidence to call it a trend.
- rfrey 3y ago3 or 4 years for full vesting, sure - but not to start vesting. A 6 month or 1 year "cliff" where you start vesting a portion of your shares is pretty standard.