Props to a16z for writing this up. Many of the practical problems that come up with stock options result from having one sophisticated party (the company) and one unsophisticated party (the employee).
When the details of their stock options become material, employees are often surprised -- and usually not in a pleasant way. Many engineers become disillusioned with stock options, and eventually the whole startup scene.
When the details of their stock options become material, employees are often surprised -- and usually not in a pleasant way. Many engineers become disillusioned with stock options, and eventually the whole startup scene.