Former Uber employees have gone into debt to exercise options they can’t sell
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Re: Former Uber employees have gone into debt to exercise options they can’t sell
#2>Until this year, Uber gave former employees 30 days to exercise their options, an unusually short window of time.
Is this the standard time window for exercise?
Re: Former Uber employees have gone into debt to exercise options they can’t sell
#3>Until this year, Uber gave former employees 30 days to exercise their options, an unusually short window of time. Is this the standard time window for exercise?
90 is more common, but in terms of being able to sell their Uber stock that difference doesn't matter much.
Re: Former Uber employees have gone into debt to exercise options they can’t sell
#4>Until this year, Uber gave former employees 30 days to exercise their options, an unusually short window of time. Is this the standard time window for exercise?
No. Standard time window is 90 days. Even that can be pretty short if you have to buy those options for companies with higher valuation.
Re: Former Uber employees have gone into debt to exercise options they can’t sell
#5The day Uber goes public there will be a mass exodus of employees waiting for years to leave the company. I wonder if Uber will stay private permanently to prevent this?
Re: Former Uber employees have gone into debt to exercise options they can’t sell
#6The day Uber goes public there will be a mass exodus of employees waiting for years to leave the company. I wonder if Uber will stay private permanently to prevent this?
Do you know anyone that works there? Is the engineering culture messed up or something?
Re: Former Uber employees have gone into debt to exercise options they can’t sell
#7Uber employees have to be accredited to participate in the SoftBank tender? That sucks...
Re: Former Uber employees have gone into debt to exercise options they can’t sell
#8The day Uber goes public there will be a mass exodus of employees waiting for years to leave the company. I wonder if Uber will stay private permanently to prevent this?
There is a year lockout of Uber employees after an IPO. Source: ex Uber employee.
Re: Former Uber employees have gone into debt to exercise options they can’t sell
#9The day Uber goes public there will be a mass exodus of employees waiting for years to leave the company. I wonder if Uber will stay private permanently to prevent this?
There is a year lockout of Uber employees after an IPO. Source: ex Uber employee.
If you quit during that time can you sell?
Re: Former Uber employees have gone into debt to exercise options they can’t sell
#10Yet another reason why taking startup stock sucks.
Oh? You managed to actually get stock in a startup that seems to be worth something? And you didn't get diluted to a pittance? And the board / founders didn't try to fire you or ask you to give stock back to the pool? Lucky you, you're one of the 1% of the 1%.
Now stay there until the company sells or goes public.
Wait -- they got bought? Congratulations, you just won 2+ years of golden handcuffs at Parent Corporation! Enjoy your new corporate job!
Alternative storyline: You leave startup early, exercise options and go into debt, startup dies, you lost money.