Startups

Cashless exit

New / MediaoNqW15
Feb 9

I am an early c level employee at a startup and am fighting for cashless exit for my stock options. I would never be able to afford to buy them. Curious which other companies do and don’t offer cashless exit?

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  • AIG / Product
    Raging

    AIGProduct

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    Ragingmore
    Which worthless startup were you a C-Level exec of?
    Feb 92
    • Salesforce GQch66
      It was on acquired by Salesforce, but I really don't want to say more. While the options were worthless, my package was worth low 7 figures, so it wasn't all bad.
      Feb 9
    • New / MediaoNqW15
      OP
      I think this question was asked of me (op). I still am a c level employee. It’s new but not worthless
      Feb 9
  • There are companies loan you money to buy shares and if liquidity event happens later, they get a piece.

    See if they are willing to buy your shares. If not, it means your startup is worthless so nothing to lose here.
    Feb 90
  • Salesforce GQch66
    That's really going to depend on the exit. I was in a similar situation, but when we were acquired, the options ended up being worthless and I got cash and stock from the acquiring company.

    Others I've known in similar situations have been loaned money by the company to exercise options.
    Feb 90
  • Oscar 🐨koala
    I wish cashless exercise is a norm....
    Feb 90
  • New / MediaoNqW15
    OP
    I just would be concerned to borrow money to then own what may be worthless equity
    Feb 90

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