What does usually happen with stock options in the exit event like IPO or getting acquired? Do all the stock options gets vested immediately? Or the vesting schedule specified in offer letter prevails? Recently got an offer to work in a promising startup and want to see what should i look for in offer letter regarding stock options.
You won't get accelerated vesting at an IPO. What you do get is a huge step up in your share valuation going from illiquid (and quite frankly discounted vs preferred) by having it valued my public markets vs a wonky 409a process. Accelerated vesting on acquisition is possible if you are a senior exec (cto, VP Eng) but it would generally be a double trigger... And even then many times the aquirer will require that to be waived as a deal condition. Basically the common is discounted at inception and the gap narrows as you get closer to IPO.
Thanks, this time in English please.
You mean 'next time'... And i left enough breadcrumbs for OP if they are serious. If you want to play the game you gotta learn the rules.
Lyft?
I wish!!