3 ms·
Doesn't even have to be a surprise. Pretty much startup employment agreement in existence gives the company ("at the board's sole discretion") the right to rep
by riehwvfbk 2y ago
Doesn't even have to be a surprise. Pretty much startup employment agreement in existence gives the company ("at the board's sole discretion") the right to repurchase your shares upon termination of employment. OpenAI's PPUs are worth $0 until they become profitable. Guess which right they'll choose to exercise if you don't sign the NDA?
- lucianbr 2y agoWho would accept shares as valuable if the contract said they can be repurchased from you at a price of 0$? This can't be it.
- actionfromafar 2y agoIt can. There are many ways to make the number go to zero.
- deleted 2y ago[deleted]
- riehwvfbk 2y agoYou are thinking of going up against an entity worth billions of dollars and somehow winning? That doesn't happen outside of movies. You'll accept whatever they decide, or end up like those Boeing whistleblowers if you make yourself enough of a nuisance.
- jbellis 2y agoI don't think rght to repurchase is routine. It was a scandal a few years ago when it turned out that Skype did that. https://www.forbes.com/sites/dianahembree/2018/01/10/startup-employee-alert-can-your-company-take-back-your-vested-stock-options https://www.forbes.com/sites/dianahembree/2018/01/10/startup...