Information asymmetryBy http://profile.typepad.com/1237764140s22740 // June 23, 2013 in Equity Incentives
Really cool to see this tweet today from Naval Ravikant of AngelList, encouraging startup employees and prospective employees who are offered stock options to ask questions.
To get at the information needed to assess the potential value of those options, Naval says, in a companion tweet to the one pictured: "Ask about Liquidation Preference, Exercise Price & Terms, Fully Diluted Shares & Company Repurchase Right[.]"
And here's an earlier post I've written on the subject, Being Equitable with Employee Equity. It has an 8 point checklist that is similar to Naval's.
And here's a recent post from Joe Wallin wrote about what to do when getting ready to exercise a stock option.