Mark this up to being young/naive with my first experience as a startup employee. After 3 years with this company, I left in mid 2015 and exercised my options for the shares that vested. I ended up shelling out about $2k in all to exercise them. Fast forward to 2017: the company gets acquired by Square.
I shoot a text to the CEO congratulating him and asking if there is anything I should expect as a shareholder. Keep in mind, I got no updates from management ever since they cashed my checks. They never even sent me any confirming documents after I signed my ISO paperwork (I have bank records of them cashing the checks too). He shoots me a text back saying thanks and that employees aren't receiving anything from the sale.
Ok, so this is all fine and startups fail/get "acquihired" all the time. However, now that I have an accountant actually looking into my finances, he tells me I can write this off as a loss. He is telling me that it's really strange they never gave me any documents, updates, or an official letter to document the sale and loss of value in my shares.
What should I do? Contact Square's legal department? How should I look further into this?
Submitted February 19, 2019 at 02:46PM by seabj0rn http://bit.ly/2T4OLKa
