Boy this article is a very friendly interpretation of Scott Kupor's blog post.
From NYTimes:
> He [Scott Kupor] also suggests a longer period for employees to exercise options after they leave, up to 10 years. That figure is endorsed by Y Combinator in an argument that any lesser period is unfair to employees.
Makes it seem like Scott Kupor is on the leading edge of caring about employees, in agreement with YC (which has actually been employee friendly in words and actions in regard to stock options).
However, read Scott's actual blog post and he refers to the 10 year exercise idea incredulously:
> The 10-year “solution” thus takes money/option value out of the pockets of the current (and growing) employee base to line the pockets of former employees who are no longer contributing to the business.
> Talk about disenfranchising your remaining employees and not being able to attract new ones.
Good reminder to always read your primary sources.
From NYTimes:
> He [Scott Kupor] also suggests a longer period for employees to exercise options after they leave, up to 10 years. That figure is endorsed by Y Combinator in an argument that any lesser period is unfair to employees.
Makes it seem like Scott Kupor is on the leading edge of caring about employees, in agreement with YC (which has actually been employee friendly in words and actions in regard to stock options).
However, read Scott's actual blog post and he refers to the 10 year exercise idea incredulously:
> The 10-year “solution” thus takes money/option value out of the pockets of the current (and growing) employee base to line the pockets of former employees who are no longer contributing to the business.
> Talk about disenfranchising your remaining employees and not being able to attract new ones.
Good reminder to always read your primary sources.