I have a few friends who have cashed out through various acquisitions. In every case it made them a "thousandaire". But they were ICs/engineers, not founding management.
Any chance you could elaborate on this? What about stock grants were you unaware of (or misunderstood) until it was too late? What should people reading this watch out for?
I’m not the parent, but it’s really hard to pull a future-proof contract about stock grants. The most frequent shenanigan is probably to dillute the employee shares. Even if you are the CEO, investors can get you fired-in-bad-terms just to cancel out your shares.
they gave a fraction of a fraction of a percent, from a particular share class that likely was subordinate to other liquidity preferences.
like, even if you were personally more informed the outcome wouldn't be different? you would have rooted for an even bigger upside for the whole company.
jpm_sd|2 years ago
dataflow|2 years ago
Any chance you could elaborate on this? What about stock grants were you unaware of (or misunderstood) until it was too late? What should people reading this watch out for?
eastbound|2 years ago
thijson|2 years ago
yieldcrv|2 years ago
they gave a fraction of a fraction of a percent, from a particular share class that likely was subordinate to other liquidity preferences.
like, even if you were personally more informed the outcome wouldn't be different? you would have rooted for an even bigger upside for the whole company.