121–130 of 333 posts
Earlier quoted context omitted.
I'm interviewing with them this week. Any advice/warnings I should know going in?
do you think it’s worth it? imo it’s hard to shake how awkward it is when everyone around you is rich and you’re being offered a regular salary that is now dictated by Visa HR
Earlier quoted context omitted.
I'm happy to post these things, without identifying companies. I'm sure you could find them on my resume or linkedin but there'll still be some ambiguity. Company A, 0.05% or 9000+ options vested, IPO, post-lockout sale at net ~$300k, was an early engineering employee Company B, Make sure you do proper tax planning, taxes take an enormous bite, even with long term capital gains.
What do you mean by tax planning? If your company IPOs they will withhold shares for you. Only thing to watch for is depending on your income they might underwithold. There isn’t much more to it than that.
If a company hasn't IPO'ed, an 83(b) election may also make sense.
Earlier quoted context omitted.
I'm happy to post these things, without identifying companies. I'm sure you could find them on my resume or linkedin but there'll still be some ambiguity. Company A, 0.05% or 9000+ options vested, IPO, post-lockout sale at net ~$300k, was an early engineering employee Company B, Make sure you do proper tax planning, taxes take an enormous bite, even with long term capital gains.
What do you mean by tax planning? If your company IPOs they will withhold shares for you. Only thing to watch for is depending on your income they might underwithold. There isn’t much more to it than that.
Earlier quoted context omitted.
What do you mean by tax planning? If your company IPOs they will withhold shares for you. Only thing to watch for is depending on your income they might underwithold. There isn’t much more to it than that.
Anyone with a six-figure sale is nearly certain to end up owing more than they withhold (assuming you sell, which you probably should). If a company hasn't IPO'ed, an 83(b) election may also make sense.
After whatever lockup you have some fraction of shares remaining. When you sell those and if the price is greater than the IPO price then you have capital gains on whatever shares you still hold.
You still owe tax from the IPO. My point is the company will withhold shares from you, but you might need to pay more if they underwitheld for the IPO. This has nothing to do with your capital gains from selling your remaining shares.
Earlier quoted context omitted.
What do you mean by tax planning? If your company IPOs they will withhold shares for you. Only thing to watch for is depending on your income they might underwithold. There isn’t much more to it than that.
Exercising options has tax consequences.
Earlier quoted context omitted.
What do you mean by tax planning? If your company IPOs they will withhold shares for you. Only thing to watch for is depending on your income they might underwithold. There isn’t much more to it than that.
It depends on what form your equity is in. If you have options, you're responsible for taking care of your own taxes. (And the exercise+hold AMT mess is something to watch out for, though it's a little more difficult to fall into that trap now since the AMT exemption amount was raised.) Even if you have RSUs (where taxes are customarily withheld), the company will withhold at the minimum statutory rates, which may no…
Earlier quoted context omitted.
You’re anon, and I was always curious in terms of $$$ how much did you end up with? At what stage did you join and how many options did you get? Very rare to find real data online about this
I'm happy to post these things, without identifying companies. I'm sure you could find them on my resume or linkedin but there'll still be some ambiguity. Company A, 0.05% or 9000+ options vested, IPO, post-lockout sale at net ~$300k, was an early engineering employee Company B, Make sure you do proper tax planning, taxes take an enormous bite, even with long term capital gains.
Didn't know such a thing existed till now. They took the feature that mint and others built early on and turned it into a business. Awesome. Have no idea how good it is but a multibillion dollar exit is great.