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A comment on Former Uber employees have gone into debt to exercise options they can’t sell. Parent comment

Re:Former Uber employees have gone into debt to exercise opt... by rsynnott on Tuesday December 12, 2017 @12:48PM (#15907694)
Which is why, in general, you shouldn’t exercise them unless the company is sold/goes public.

Could be worse; in Ireland I’d pay a little over 50% on my options if I exercised them. Which is why I don’t.

I certainly wouldn’t be interested in taking a job in a private company where options were a significant part of compensation.

EDIT: Just noticed from the article, Uber employees had to exercise within 30 days. Wow. 7 years seems to be normal in this country.

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Re:Former Uber employees have gone into debt to exercise opt... by bsimpson on Tuesday December 12, 2017 @08:11PM (#15911123)
7 years wasn't normal until Pinterest did everybody a solid and set that precedent:

https://medium.com/@michaeldeangelo/unlocking-the-golden-han...

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