anon330

3 ms·

1. 1.▲
   by anon330 15y ago

   I'm employee #1 at a Canadian startup, and they get by paying me about 3300 per month, before tax. Based on my asking-around, this doesn't seem to be out of the ordinary for the area.
2. 2.▲
   by anon330 16y ago

   This article is very timely. I've been employee #1 at a small company for about ten months, and I'm not only making just 50-60% of my pay potential, the recently proposed employee options plan grants me just 0.8% vesting over the next four
3. 3.▲
   by anon330 16y ago

   Right. I understand that these things are done to retain employees, so it's really not even remotely worth working at this company unless I'm committed to doing so for the 4 years until an exit. I guess the real thing to figure out at this
4. 4.▲
   by anon330 16y ago

   Hmm. So, just to clarify, "After the 1 year cliff, if you decide to leave you can exercise any options that you've vested up to that point" If the options are not cash-convertable, is that because they haven't vested, or because they've ves
5. 5.▲
   by anon330 16y ago

   Interesting. I've been told that these options will not be convertible to cash except in the case of a buyout or IPO, etc. Should I be ensuring that these options will vest over time, rather than all at once in case of a liquidity event, et
6. 6.▲
   Ask HN: Do I have to forfeit my options if I leave?

   3 points by anon330 16y ago|7 comments