Indeed it is. I particularly like the 'no longer contributing to the business' part, as if the work done by the original employees isn't what the current business was built on, at a discounted rate if their stock options are worthless. And as if the stock options were the only reason they're having trouble attracting quality talent.
Stock options seem attractive as a form of compensation, since the hope is that you're working for a unicorn and one day you'll be fabulously rich, but the cash equivalent is better more often than not. It's just a form of risk transfer from those who have plenty to those who hope to have plenty by dint of talent and hard work. Having been burnt, I won't do it again.
Stock options seem attractive as a form of compensation, since the hope is that you're working for a unicorn and one day you'll be fabulously rich, but the cash equivalent is better more often than not. It's just a form of risk transfer from those who have plenty to those who hope to have plenty by dint of talent and hard work. Having been burnt, I won't do it again.