Re:Airtable lays off over 250
by snird on Thursday December 08, 2022 @04:33PM
(#33913782)
But it still affects founders and employees outcome, isn't it?
The options strike price is usually dictated by the last round valuation - this may mean that in a possible IPO in the future many employees will find they made close to nothing
Re:Airtable lays off over 250
by satya71 on Thursday December 08, 2022 @05:26PM
(#33914609)
Options strike price is determined by 409A valuation (if there is no secondary market) for common stock, not the preferred stock price that VCs get. Common stock is typically valued at 1/3 of preferred stock.
The options strike price is usually dictated by the last round valuation - this may mean that in a possible IPO in the future many employees will find they made close to nothing