Mean, sick, and poor is no way to go through life, son.

Fire the fuckers before they get it gets expensive

Last name is Hindawi. Indian?  If so no wonder he's a crook.
Permalink Ruseman 
April 15th, 2017 9:26pm
This is common.  It shows that startup options can be awful, even if when the startup succeeds.

1. At Zygna and other places, they demanded early employees give back unvested options, or they would be fired.

2. If the stock is not public, you may owe a huge tax bill when you exercise, even for shares that are not liquid.

1+2 give the company leverage.  They can say "give back some of your options or you're fired", knowing you would owe a $300k+ tax bill if you were fired and exercise.

3. Many companies now have clauses that say the company has right of first refusal if you try to sell your shares, and you have to contact them first.  So you line up a buyer.  Then the company negotiates with the buyer, and either the company sells shares or the insiders sell, cutting you out.
Permalink FSK 
April 16th, 2017 1:13am

This topic is archived. No further replies will be accepted.

Other topics: April, 2017 Other topics: April, 2017 Recent topics Recent topics