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Re:Fixing the Inequity of Startup Equity by Harj on Monday February 29, 2016 @05:05PM (#11198991)
We're excited to make 10 years the new standard option exercise window for startup employees. Each of us have personally experienced someone close to us dealing with the stress of trying to exercise their options within 90 days and it sucks.

We'd like to see more companies making this change, we'll be keeping the public list of YC companies who have either implemented or pledged to implement an extended window, updated here: https://triplebyte.com/ycombinator-startups/extended-options

Re:Fixing the Inequity of Startup Equity by tedmiston on Monday February 29, 2016 @07:34PM (#11199966)
> We’re advising Triplebyte candidates to favor companies making this change, and we’ve already convinced 12 companies to pledge to do this.

This is incredible.

You might be the first recruiting startup to really advocate for the engineer.

Re:Fixing the Inequity of Startup Equity by ekosz on Monday February 29, 2016 @05:09PM (#11199030)
Hey harj! The article and plan is really interesting. I wanted to read more of the details and comparisons, but it seems the link from the sentence "We’ve created a summary of the gory details on both the business and legal aspects here" just brings you to the triplebyte homepage. Do you happen to have a direct link to that page?
Re:Fixing the Inequity of Startup Equity by Harj on Monday February 29, 2016 @05:15PM (#11199084)
Sorry about that, fixed. Here's the link: https://data.triplebyte.com/extending-stock-option-exercise-...
Re:Fixing the Inequity of Startup Equity by lucisferre on Monday February 29, 2016 @06:48PM (#11199723)
I'm just reading the docs now and I am probably not understanding how they work, but it seems to say that employees have 3 years from the termination date, not 10 years as you mention. I'm assuming I'm misunderstanding how this works.
Re:Fixing the Inequity of Startup Equity by tn13 on Monday February 29, 2016 @07:06PM (#11199809)
I dont understand these things much but I think encouraging employees to exercise their options as early as possible is better thing to do when the value of those stocks is dirt cheap.
Re:Fixing the Inequity of Startup Equity by Harj on Monday February 29, 2016 @07:18PM (#11199864)
Sure that works early on but we wanted to get momentum behind a solution that would work for any size/stage of company.
Re:Fixing the Inequity of Startup Equity by mahyarm on Monday February 29, 2016 @08:15PM (#11200148)
Even after stage A funding, it can be a significant chunk of money.
Re:Fixing the Inequity of Startup Equity by jsprogrammer on Monday February 29, 2016 @06:24PM (#11199582)
How was the time period of 10 years picked? It seems rather arbitrary?

As an employee, why would I want a dangling guillotine over my options/compensation?

Re:Fixing the Inequity of Startup Equity by Harj on Monday February 29, 2016 @06:46PM (#11199709)
It's ten years from the date the options are granted, which is how long the options themselves last for.
Re:Fixing the Inequity of Startup Equity by seeing on Monday February 29, 2016 @09:15PM (#11200373)
Why 10 years and not 100 or 1000?

If this is a legal limit, can anyone explain the rationale behind the limit?

Re:Fixing the Inequity of Startup Equity by hkmurakami on Monday February 29, 2016 @06:30PM (#11199611)
iirc 10 years is the legal limit.
Re:Fixing the Inequity of Startup Equity by mbesto on Tuesday March 01, 2016 @01:21AM (#11201068)
Am I correct in reading the blog post that there are no downsides to having 10-year options?

> As Sam Altman wrote, this is an unfair situation and needs to be fixed.

And Ben Horowitz criticized his stance and Sam said he would be rethinking the way he communicated his position. Was that ever taken into consideration?