- Oct 16, 2006
- Reaction score
I welcome market declines at my age.
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I think golden handcuffs generally refers to incentives that you earn over a period of time. I'm just talking about the finances of paying for my exercise of already vested options, so the handcuffs are more of a secondary consequence.They're called golden handcuffs for a reason.
I hate when the math is easy.I think golden handcuffs generally refers to incentives that you earn over a period of time. I'm just talking about the finances of paying for my exercise of already vested options, so the handcuffs are more of a secondary consequence.
I spoke with a potential funding source for my exercise and wow the economics are horrible. They take a substantial percentage of the entire exit amount in addition to their initial loan. so in rough numbers, if I have to spend $10 to exercise now and my stock is worth $20 in an exit, they take $6-8 out of the total and then they take back their $10. I was thinking they take back their $10 and then get like $2 out of the remainder. Obviously these aren't real numbers since my stock is worth more like $27 but wanted to make the math simpler for you knuckledraggers.
I understand where they are coming from since it's basically a zero recourse loan but this only seems like it's worth doing as a last resort. I guess that's what I get for talking to a loan shark.
And even more specifically to incentives that have a delayed vesting date so that if you leave you’re forfeiting incentives awarded for past years of service but don’t vest for, say, several years.I think golden handcuffs generally refers to incentives that you earn over a period of time.
Can you hook me up with a sweet gig though?No on cashless exercise. My goal is to extend exercise for a few years and hpe the company exits during that period.
It is definitely coloring my requirements for the next gig. Either public company, late stage unicorn with RSUs or early stage company with low strike price and early exercise. Extended post-employment exercise cures a lot of ills though and could make other opportunities work too