I've been in negotiations with a startup and I've liked everything I've seen so far.
The founders are great people and I've had a ball chatting to them over 3 meetings.
However, when it came down to the offer, the stock option grant doesn't have a vesting schedule. It vests 100% only after the full 4 years have lapsed.
Now I've worked for a startup before where I was granted stock and it have the usual one year cliff, then 25% per year thereafter until the full 4 years. And as far as I can tell from talking to people and researching online, this is the usual thing to do.
Anyone been through that? Any ideas as to why they would have done the grant this way? I will be asking these questions directly of them next week but thought I'd hear what hackernews has to say.
The founders are great people and I've had a ball chatting to them over 3 meetings.
However, when it came down to the offer, the stock option grant doesn't have a vesting schedule. It vests 100% only after the full 4 years have lapsed.
Now I've worked for a startup before where I was granted stock and it have the usual one year cliff, then 25% per year thereafter until the full 4 years. And as far as I can tell from talking to people and researching online, this is the usual thing to do.
Anyone been through that? Any ideas as to why they would have done the grant this way? I will be asking these questions directly of them next week but thought I'd hear what hackernews has to say.