the founders are severley hurting their employees. Unlike them they dont have millions already to sit back on and wait
Are employees RSUs expiring? Why is waiting hurting them? (I honestly don’t know. Never been a part of the startup world)
I don’t think it’s the expiration but rather lack of liquidity for the employees
Those employees have millions in stocks. It’ll ipo eventually. If they don’t expire and they keep getting refreshers it sounds to me more like a patience issue. It’s my money and I want it now! No, no it’s not your money yet.
You don’t need to ipo if you think your company is going to be worth more in the future
Heard there was an expiry date if no liquidity event within 7 years so yes
It's explained in this interview with John Collison by Ben Thompson. https://stratechery.com/2020/an-interview-with-stripe-president-john-collison/
Im skeptical OP actually cares about the employees, he just wants in on the stock
What if it's because there are serious fraud or low profit margins that would be exposed in an IPO filing (aka Wework)? 🤔
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Interesting strategy from the board to squeeze every last drop out of them shares/refreshers while fully vesting them. Come IPO time they’d cash in and come out of the gates richer than TRT Bezos.