Why don't startups pay people in pure cash instead of illiquid options+cash? http://danluu.com/startup-options/ …
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Here's a rebuttal article, but I think his assumptions (opportunity costs, etc) are wrong. https://www.benkuhn.net/optopt
I think it's interesting, but the opportunity cost example is for a below market Google new grad offer where the new grad never gets a raise
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I would be interested in seeing realistic numbers for the Google career path for comparison (possible, using Google comp spreadsheet).
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I think the startup numbers are also not supposed to be realistic, but I'd like to see the realistic case!
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The other thing is that the preface assumes that people don't know that you can quit, but I commonly hear people say they'll join N startups
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in the hope that one of them takes off so I don't think the idea that one can quit is missing from the discussion.
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IMO, the things that are most opaque about options are the rates of events that screw over employees. VCs have enough data to know this, but
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I don't think that anyone else does. That's the thing I'd really like to see an analysis of!
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