Comment by aneil

I'm a founder. I agree, it's a scam. The constraint I bump up against is that VCs expect standard terms which means that stock options will be granted with tight post-exit expiry schedules. The best we've managed to do is to give people the right to 83b election. The whole structure creates such an adverse situation for employees - forcing people who are usually not in a position to take risk (like this guy) into a risk position and a taxable event.

If anyone has good workarounds for seed-Series B level companies, I'd love to hear.