Re:Ask HN: My last company is stonewalling on how to exercis...
by petechapman on Tuesday February 22, 2022 @11:37AM
(#30429981)
My fear is that the legal advice might make the value of exercising not worth it.
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Re:Ask HN: My last company is stonewalling on how to exercis...
by brudgers on Tuesday February 22, 2022 @03:59PM
(#30433690)
If it is not worth paying an attorney, it probably isn’t worth doing in the grand scheme of things. Take the money you would spend on exercising the options and invest it elsewhere.
Re:Ask HN: My last company is stonewalling on how to exercis...
by DoreenMichele on Tuesday February 22, 2022 @03:03PM
(#30432921)
Some lawyers will do an initial consult for free. You can talk with them for say thirty minutes to determine if it's worth their bother to take the case.
There are lots of situations where a letter from a lawyer gets results without you needing to do anything more beyond that. If you can afford to pay a lawyer and it won't cost more than the value of the thing you seek, I think a letter from a lawyer is a terrific idea.
Re:Ask HN: My last company is stonewalling on how to exercis...
by cpach on Tuesday February 22, 2022 @11:56AM
(#30430295)
Having a lawyer write a letter shouldn’t cost more than $1000 or so. I guess the shares are worth more than that?
The end goal is not to go to court, of course.
Re:Ask HN: My last company is stonewalling on how to exercis...
by cm2012 on Tuesday February 22, 2022 @02:56PM
(#30432819)
Yeah people overestimate the costs of a lawyer to help navigate beaurocracy. $1000 bucks can get you really far.
They also underestimate the cost of trials, which is $100k+ for anything serious due to discovery.