Following my post on equity comp, chatted w @AFMijnhardt, CEO of Secfi. They help with financing to exercise options early.
One of the first customers? An Uber employee, who had $30M in gains, but needed $500K to exercise the options - and $11M in tax.
They made it happen.
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Why would an equity contract want to prohibit this?
Thanks. Twitter will use this to make your timeline better. UndoUndo
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99.9% sure it did not allow this.
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I never saw an options contract or know details. Seems like Secfi gives a cash loan to pay back on exit, taking equity being collateral. Unsure how this would be different from ppl taking on personal loans or bank loans (something SharePost is doing: https://www.vox.com/2018/1/17/16902002/startup-silicon-valley-bank-sharespost-collateral-bank-loans … )
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