The problem in these situations is that your were offered "stock" as in a portion of the equity of the company, and given a complex financial instrument with undefined terms and indeterminate payout. You felt screwed when you discovered you'd been given something worth 1/20th of the dollar value.
Startups have effectively given away their biggest talent attraction, why bother working for a high risk startup for "options" when you can work for a steady growing FANG with liquidity and real "equity"? From a talent acquisition perspective it doesn't make sense.
Startups have effectively given away their biggest talent attraction, why bother working for a high risk startup for "options" when you can work for a steady growing FANG with liquidity and real "equity"? From a talent acquisition perspective it doesn't make sense.