calr
Joined 3 years ago
Karma
87
Submissions
24
Member since
Dec 31
Joined 3 years ago
This is the key point in my opinion, and one I was not aware existed. Personal liability changes everything. You can't tell employees to sit tight while funds eventually get unlocked if you're going to find yourself getting sued.
Edit this is answered fairly well here: https://www.parkworth.com/blogs/pre-ipo-tech-giants-using-do.... The TLDR is SEC rules and limited perceived upside of options (although I imagine that could be solved via a lower strike price).