When offering stock options to employees why not tell them: 1) The absolute # of options 2) What that represents on a fully diluted basis 3) What they would receive today if the company sold today at 0.5X, 1X, or 2X the latest valuation net of exercise.
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Replying to @runvc
Agreed that 1 and 2 should be required, maybe legally. Number 3 is problematic, because even lawyers sometimes can’t agree on exit proceeds. Shocking, but very common. It also hides that M&A often has tons of special terms that affect these values.
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One of the reasons that all of this will eventually move to smart contracts. You can just look at the code to run the waterfall.
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We can easily do that today with @linuxfoundation Accord Project - add Ergo expressions into the text of the agreement.
11:19 AM - 27 Oct 2019
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