Stock Option owner: have you used EquityBee?
Anyone used EquityBee? How does it work? Do they give you cash in exchange of your stock options? Or do they lend you cash to buy the options and then take a cut when you exercise the options? #stockoptions #rsu #equity #seriesb #seriesa #equitybee
Google tatayan Aug 28, 2022
They wouldn’t take my previous company’s options lol
New
NdkR56 Nov 2, 2022Check out Hiive, they just do clean easy sales. No loans or taking part of your shares, it’s just a stock market like the public markets
I have tried. But I didn’t have nearly enough to qualify. I was in a Series D with something like $30k of options. And they didn’t do anything below $50k I think. Still have that stock lying around….company is kinda stagnant I actually ended up exercising the options myself. It was a use it or lose it situation. But yeah, if you qualify they basically write you a check to exercise. And then they sell part of whole
I see. Just to make sure I understand: assuming that I have 10,000 options at a strike price of $1, but stock worth $5 on paper. When you said ‘exercise’ do you mean buying the stocks for $10k and holding on to it, or cashing on $40k? What happen if I buy the stock at strike price (10,000 stocks for $10k) but the company never go IPO or get acquired? How do I convert those stocks into actual money?
So if I remember correctly, you sign a contract where you get that check for 10k to exercise and then an extra payment for whatever the buyer agrees to buy it for (ex: $30k). Or you can keep a portion of your exercises options, for obviously, a smaller check.