Lawyer up for stock options

Dec 4, 2019 28 Comments

Hi Blind

I am looking for a good lawyer in San Francisco specialized in private equity.

The work would consist of going through all my paperwork and see if there is anything that could be done against my previous employer that is blocking every secondary transactions I can find without even exercising their ROFR.

Currently sitting on about $4-8M of illiquid options (successful private company) which I'd like to cash out before the bubble pop but also for other various life events.

Thanks in advance for any recommendation here or via DM 🙏

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TOP 28 Comments
  • Google rm -rf op
    Wow I'm sorry you're going through this. Please do let us know how things go.
    Dec 4, 2019 4
    • Facebook public2
      If that's the case honestly why work at a startup?
      Dec 4, 2019
    • Instacart / Eng money💰
      OP
      The fun of building something early and growing from 10 to 500 employees is something I don't regret. I'm actually quite bored in a bigger company now.
      Dec 4, 2019
  • I’m going through something similar. Except the company hasn’t even formally exercised my options. Did your previous employer exercise your options?
    Dec 4, 2019 5
    • Instacart / Eng money💰
      OP
      Don't worry about that I made sure the company does allow a longer period of time than the shitty 90days window. This should be banned now or at least engineers shouldn't join companies that are stuck on that unfair 3 month exercise window..
      Dec 5, 2019
    • Arista Networks rBi1nrp
      How did you ensure that the company allowed a longer period of time to exercise than 90 days?
      Dec 6, 2019
  • Facebook public2
    Cannot be sold as you know. All you can do is write a loose private contract with someone willing to buy today in return for them in the future at a steep discount of course.
    Dec 4, 2019 10
    • Instacart / Eng money💰
      OP
      I don't mind being stressed for something I own 100% allowing me to have my own schedule and no one to report to
      Dec 6, 2019
    • Facebook public2
      Just sharing my experience. When it's yours it means it's yours to deal with so you dont get to set the schedule when an employee bails or there is a fire. When working for someone else you will never cancel a vacation but will absolutely when working for yourself
      Dec 6, 2019
  • Intuit bz1k7x
    If they’re illiquid they’re $0 sweetie sorry
    Dec 4, 2019 3
    • Apple yuipq
      Then why are u calling it a bubble? Doesnt it mean its overvalued? Isnt any lawyer you hire gonna take a chunk of it as their fee? Better than than nothing tho.
      Dec 4, 2019
    • Instacart / Eng money💰
      OP
      I was referring to the overall tech bubble. This company relies on a lot of customers that will most likely disappear at the next recession. While the current valuation is justified I can't think it will hold in a couple years.
      Dec 4, 2019
  • New qATJ14
    Do you go to an accountant? They can normally recommend good legal connections that they’ve referred to in the past.
    Dec 4, 2019 1
    • Instacart / Eng money💰
      OP
      Usually don't but thats also a good idea
      Dec 4, 2019

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