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They're going to give stock options to former employees in exchange for consulting work? Stock options similar to the ones the just forcefully discarded from sa
by CaveTech 14y ago
They're going to give stock options to former employees in exchange for consulting work? Stock options similar to the ones the just forcefully discarded from said employees?
I'd be camping out to take them up on that offer!
- posabsolute 14y agoif that is true, that's just a mess. They would not have any product without them. I really wonder how you can face your fired employes and tell them that all their stocks are gone but that they can do some consulting do get those back.
- MediaSquirrel 14y agoOptions in the old company would have been worth even less given the preference overhang from existing investors! The new company is actually good news for employees as a clean cap table and a reasonable (lower) valuation gives employees a realistic chance that their options will ever be "in the money." The old OnLive was poison.