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You definitely want a lawyer, but on the face of it, this is an aggressive move by your partners. The start of a fair negotiation would be equal pro-rata diluti
by vessenes 12y ago
You definitely want a lawyer, but on the face of it, this is an aggressive move by your partners. The start of a fair negotiation would be equal pro-rata dilution. So if it was 45/45/10, and you want to make 12% in the options pool, you should get diluted 12%, just like them.
That would mean they'd go down to 39.6% and you would go down to 8.8%.
Since you're remote and the company is growing, I would personally expect real problems on the horizon.
Finally, exercising your options is most likely a good plan; options often expire after someone leaves.
- jbverschoor 12y agoHe can exercise his options. Which means he needs to pay money right now to own actual stock of company. Which is unsellable without a buyer.
- danielweber 12y agoStrike price might be really really cheap, though, if he got options before they had funding. It's a little harder for them to screw you out of ownership than out of unexercised options. But just a little.
- mikkom 12y agoI don't know how US stocks work but in EU at least if the shares already have a bigger valuation you will need to pay taxes at the point when you exercise your options.