Bad idea for early stage companies. Everyone is betting on a 5x, 10x, or 20x+ return
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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You could show as many models as you like .5X 1X 2X 3X 5X 10X 20X 50X 100X
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Most employees don't have nearly enough leverage to be able to ask this
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Most employees don't know enough to ask this and true, those that do usually don't have the leverage. The question though is whether companies should pro-actively share. I think yes.
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Good for small early team, but could get tricky when getting large. Don’t want to run into issues of “you told me x” even though that only applies to how things were in that instant. People remember what they want.
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Yeah, I mean there would need to be pretty clear disclaimers. You job should you choose to accept it is X, your equity grant is Y This is an accurate representation of what would occur on the moment you are handed this paper. This paper will self destruct in: 10, 9, 8, 7....
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We had monstrous pushback from our lawyers on illustrative exit proceeds analyses Even with ridiculous disclaimers, they hated it It’s nuts
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Lawyers are paid by the hour and punished for the smallest mistakes. Poorly aligned with stuff like this in general
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terrible idea. the less i tell them the more i leave to their imagination.
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You’re the worst CEO. Garbage. Pacific gyre. Orange flame.
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Čini se da učitavanje traje već neko vrijeme.
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