I have got an offer from flexport and I should take cut on my base to join flexport ~ 20k
I have been hearing various information about IPO is IPO real?
And also Pre ipo RSU’d have double trigger policy and expiration dates on their RSU’s so if they don’t go ipo for 7 years or so my RSU are worthless. Does Flexport pay less by luring IPO dream?
Please shower thoughts Flexporters?
Current TC - 230k
Flexport offer - 160 + 16 + 30000 units
Secondary market share price is 21 per unit.
Thank you
#equity #startup
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comments
Everything within looks good even with so many gigantic things in the pipeline happening for the next year
So a pre-ipo stock woukd vest in your account in Carta and it stays yours forever. But since the company hasn't IPO'D, you don't pay taxes on that vested rsu since realistically you really cannot do anything with it. Once the company IPOs and 6 months have passed ( double trigger), that stock is now considered fully vested and the rsu price is price of IPO or price of stock at the end of IPO day. Then you pay taxes on all the vested stocks, in that particular fiscal year when the double trigger was completed. And if you leave the company before IPO, the stock stays with you since it was already in your carta account. You will pay taxes on it when your now previous company IPOs.
You may be talking a pay cut since the offer has paper money but even if you treat it at 50% of the secondary market, it's still more than the current Tc so looks good.