I just received an offer from a good pre ipo tech co. Recieved options with a fixed cash value which seems odd. I was expecting options to be a quantity of units at a strike price. The cash vests over 4 years but is capped at the cash value so it doesnt matter what the exit is. Is getting pure cash for options common? Should i push back for units?
Its capoed as in fixed. Doesn't matter if they exit or not, or even grow or fail. As long as i stick around i get the money. So the way i see it, no downside, but not a not of upside either except security in at least getring something.
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Never heard this. I wouldn't call that options, but it may not be a bad deal if they also guarantee a minimum cash. You may not benefit from the upside, but you are protected from the downside, so it's kind of a bonus
She/he said capped, but does it also cover the downside? OP, are you sure it’s fixed at time of cash out, or just an amount based on the current value and strike?