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This devalues that grant considerably by making the vesting cliff equal to the date of the liquidity event. I would not take this deal as an employee. I want le
by damoncali 13y ago
This devalues that grant considerably by making the vesting cliff equal to the date of the liquidity event. I would not take this deal as an employee. I want less cliff, not more.
- lucisferre 13y ago> in addition to a traditional stock option grant, we’re offering our first fifteen employees, or however fewer it takes to get to the next financing, an equal share of 15 percent of the company This is additional to a standard stock option grant. Though I'm not sure what is meant by "traditional" here I assume there is some other amount of options with a standard cliff.