In general, it seems to be appreciated. We initially set it up this way to help take some of the stress out of negotiation (as that favors certain people over others). A few learnings off the top of my mind:
1. Regardless of the structure, the offer needs to be competitive. This wouldn't really help with lowballing offers.
2. Across the ~30 offers I've given out, I don't think that either of the 3 variants is more common. I suppose that indicates that different candidates are indeed optimizing for different situations.
3. Our hiring has intentionally skewed more senior and I think the variants of offers has helped create more family friendly offers.
Regarding options, I tend to make sure to offer to spend a good bit of time laying out the details of how they work (strike price, preferred value, vesting, cliffs, early exercise, etc.). They are indeed confusing and I find that people typically either overvalue the value of the options today, or undervalue the potential upside.
1. Regardless of the structure, the offer needs to be competitive. This wouldn't really help with lowballing offers.
2. Across the ~30 offers I've given out, I don't think that either of the 3 variants is more common. I suppose that indicates that different candidates are indeed optimizing for different situations.
3. Our hiring has intentionally skewed more senior and I think the variants of offers has helped create more family friendly offers.
Regarding options, I tend to make sure to offer to spend a good bit of time laying out the details of how they work (strike price, preferred value, vesting, cliffs, early exercise, etc.). They are indeed confusing and I find that people typically either overvalue the value of the options today, or undervalue the potential upside.