Why don't startups offer actual equity grants instead of options? It seemed strange to me when I was starting out in my career that I needed to take a lower salary and options to exercise upon my exit, which wound up costing me thousands of dollars from that lower salary.
Two years later, one founder forced out his two other cofounders, started a new company in the exact same space, and poached his best employees, essentially jettisoning the cap table in the process.
The small frys who exercised their options were totally screwed. That was a real lesson for me on how crazy this stuff can be.
Two years later, one founder forced out his two other cofounders, started a new company in the exact same space, and poached his best employees, essentially jettisoning the cap table in the process.
The small frys who exercised their options were totally screwed. That was a real lesson for me on how crazy this stuff can be.