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If they want to get rid of the cliff...why not get rid of the cliff? They could have the options vest linearly (maybe with a gap at the start). That way no day
by shawabawa3 13y ago
If they want to get rid of the cliff...why not get rid of the cliff?
They could have the options vest linearly (maybe with a gap at the start). That way no day is better than any other for quitting to cash out
- tptacek 13y agoThe cliff is a failsafe against granting any equity to employees that should not have been hired at all. It is employee unfriendly in the sense that it is a concession employees make to the firm, but it's a "market" concession; it's part of the deal at most startups.