Why don't startups pay people in pure cash instead of illiquid options+cash? http://danluu.com/startup-options/ …
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Whenever someone tells me I don't need to sweat the details on options because the company is trustworthy, I think of this story about Etsy (well-known to be a trustworthy and employee-friendly company at the time) blocking an early employee from selling https://news.ycombinator.com/item?id=10705646 …pic.twitter.com/AiP2kVpWOk
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This tweet brought to you by: a friend of mine having their offer rescinded because they asked too many questions about the options, which apparently indicated a lack of trust in the company
But if companies were trustworthy, they wouldn't hide all of this information from you
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Why I made https://friendlyoptions.org - ask the company to fill out the form. It's the minimum ask to actually be able to value stock option grants. If the company won't do it then they might as well be offering Monopoly money.
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Somewhat Devil's Advocate here, but how about the argument that investors specialize and there aren't enough in some areas, so that selling a 20% stake gets you less than 2x as much money as selling a 10% stake?
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Isn't it a good thing to have offer rescinded? Imagine working for a company that's not trust worthy
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They dodged a bullet there, seriously.
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Yep. Basically like a significant other breaking up with you because you mention the idea of signing a prenup. Can't be a good sign.
End of conversation
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