Option Grants Over Time Several people have asked me over the years how we think about subsequent option grants (e.g., not the employee’s initial grant when hired), so I thought I would just share my standard answer here. We give the following kinds of grants other than new employee grants: promotion grants – employees get the incremental grant between their existing grant and what someone being hired into the new position would get performance grants – once a year we give the top 10-15% of performers a grant that is equal to approximately 25% of their initial grant (so if they are a consistent superstar, they get twice as many options over the four years) refresh grants – we only…
Archives / February, 2015
Book Short: Internet Fiction, part II
Book Short: Internet Fiction, part II I hate to write a lame post, but here’s what I wrote earlier in the year about Eliot Peper’s first Internet thriller, Uncommon Stock: Eliot Pepper’s brand new startup thriller, Uncommon Stock, was a breezy and quick read that I enjoyed tremendously. It’s got just the right mix of reality and fantasy in it. For anyone in the tech startup world, it’s a must read. But it would be equally fun and enjoyable for anyone who likes a good juicy thriller. Like my memory of Hackoff, the book has all kinds of startup details in it, like co-founder struggles and a great presentation of the angel investor vs. VC dilemma. But it also has a great…