Thx for sharing Employee Equity @sama Great read. Totally agree: "Startups should give employees more stock" blog.samaltman.com/employee-…
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Well-considered thoughts on redesigning approaches to non-founder equity. “@sama: Employee Equity: blog.samaltman.com/employee-…”
@sama Another thing to consider is the moral hazard presented by big paydays. We've tried to make all grants continuous rather than dated.
@sama Great post. Def shady when you ask for shares outstanding & a founder doesn't know, pretends not to know or is evasive.
@sama I work for 2 yrs and leave when Co worth $2M. Sale 6 years later for $500M. I should benefit from the extra $498M with no addt'l risk?
Employees should know what % of the fully-diluted shares their stock options represent @sama: Employee Equity blog.samaltman.com/employee-… = truth
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@thechrisbelby vast majority is employee owned. Our excellent investors @crv and @ycombinator own a portion as well, among others
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@antonejohnson @ericries @adamdangelo @sama Would have to be nonqualified. ISO & ESPP options must exercise w/ in 3 mo of quit.
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Must read for any startup founders & employees “@sama: Employee Equity: blog.samaltman.com/employee-…”
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