This is why we at Linear offer both early exercises and 10 year extended exercise window. Don’t work in a company that doesn’t offer it! From a company perspective, offering this requires few hours of legal work. There is no excuse not to offer it if you care about employees.https://twitter.com/KatieS/status/1397322687303716865 …
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Replying to @karrisaarinen
nb: ‘this is easy to execute’ becomes less and less true the more employees you have on your cap table
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Replying to @fredsters_s
Ah true. We did just after raising the priced round and moving over to options. There is only required changing few lines in the options agreement as no options were granted yet.
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Replying to @karrisaarinen @fredsters_s
unrelated Q: is there a way to structure employee pools differently eg via SPVs that abstract the complexity (non legal expert so lmk if this is already done or useless)
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Dutch companies bundle employee options in a SPV (or STAK) to consolidate admin and voting https://intercompanysolutions.com/stak-structure-netherlands/ … Adyen is a good example https://www.adyen.com/dam/jcr:ab990e2d-7911-44b7-8932-beeec4809eba/Adyen%2520Prospectus.pdf … (page 6)pic.twitter.com/VniHvR4TAr
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