frederik_secfi
Joined 8 years ago
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39
Member since
Feb 26
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Comment · 5 years ago
It's not necessarily better than salary.
It's more like, IF you're in the situation where you have equity and don't want to wait for / be dependent on an exit (and whether the exit is big enough), this offers a solution.
Fees aren't as high as what gus_massa is figuring, because we don't finance early stage startups.
Plus in a lot of cases we enable long-term capital gains tax rates. (If you exercise your stock options early and end up owning the shares for 12+ months, the money you make is taxed at a lower rate – long term cap gains.)
Comment · 5 years ago
I know this won't help you right now, but for anyone worried about this sort of outcome in the future: there are companies that provide liquidity financing
E.g. https://www.secfi.com/products/liquidity
Basically they send you money while the company is still private, and you pay it back (+ a fee) after the company has exited.
If the financing is 'non-recourse', you won't have to pay it back if there never is an exit, or if there is an exit but one in which you don't make any money (like in this case)
So taking liquidity (if it is non-recourse) de-risks you from these kinds of outcomes.
Full disclosure: I'm the CEO of Secfi.
Comment · 6 years ago
Secfi | Software engineer(s) + Operations and Finance | Amsterdam, the Netherlands + San Francisco | EUR 50-150k + equity
Secfi is a VC-backed fintech start-up that helps start-ups and employees better manage equity compensation. We do this by providing shareholders of private companies with liquidity so that they can exercise their options or access capital for personal use. We build technology products that help private company employees make the most of their equity and make more informed decisions. By simplifying their equity compensation, employees can spend more time on things they love doing most. We have offices in Amsterdam and San Francisco.
For example: one of the most complicated things for employees is figuring out how much taxes they need to pay when exercising their Incentive Stock Options or Non-qualified Stock Options. The tax planning tool inside our dashboard does just that: https://www.secfi.com/#gif-container
An exciting challenge we’re working on next is an exercise planning tool that tells you what you should do with your equity based on your personal. Things have been going very well here at Secfi, and we’re looking to add 10 more people to our Amsterdam engineering team. We have a variety of engineering vacancies including a DevOps Engineer, frontend, backend Python and full stack JavaScript engineers:
https://jobs.lever.co/secfi?lever-via=uIDfAQPGhi
Questions? Please email [email protected] to get in touch.
Comment · 6 years ago
Yes. All the tools are 100% free and accessible without doing anything with regards to financing, though. We're not pushy about it either :-)
Comment · 6 years ago
Secfi | Software engineer(s) + Operations and Finance | Amsterdam, the Netherlands + San Francisco | EUR 50-150k + equity Secfi is a VC-backed fintech start-up that helps start-ups and employees better manage equity compensation. We do this by providing shareholders of private companies with liquidity so that they can exercise their options or access capital for personal use. We build technology products that help private company employees make the most of their equity and make more informed decisions. By simplifying their equity compensation, employees can spend more time on things they love doing most. We have offices in Amsterdam and San Francisco.
For example: one of the most complicated things for employees is figuring out how much taxes they need to pay when exercising their Incentive Stock Options or Non-qualified Stock Options.
The tax planning tool inside our dashboard does just that: https://www.secfi.com/#gif-container
An exciting challenge we’re working on next is an exercise planning tool that tells you what you should do with your equity based on your personal. Things have been going very well here at Secfi, and we’re looking to add 10 more people to our Amsterdam engineering team.
We have a variety of engineering vacancies including a Director of Engineering, frontend, backend Python and full stack JavaScript engineers: