Xavier describes how things work in theory. Unfortunately, many startups grant options that systemically deprive workers of realizing the value they have created.

Chief among these are the "90 day rule," "repurchase rights" and "lock-up periods" that apply to workers but not investors.

Indeed, these terms are considered "standard" in some "off the shelf" option notices because they benefit investors at the expense of workers (most especially early employees).

Even worse, some companies will refuse to disclose the information you need to compute the expected values. …

Ryan M Harrison

Software for life-sciences and health IT. Basic Income. Solidarity Investment.

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