Essentially I will be starting employment at a pre-IPO company. At the time of offer the company’s options were $2 strike price $6 FMV/preferred price (and I thought this is the deal I would be getting). I do think there is potential in the company (it’s a unicorn), but I’m unsure about exactly when to start.
The company announced an IPO filing at the end of last year, and I am set to start in August (with the option of starting as early as June). When I reached out to my recruiter I was told my strike price was determined by the board of directors on the day I joined, based on the companies current valuation (meaning it was not based on the $2 strike price).
My question now is, if I do join in June (after IPO, probably) would it be more valuable than me joining in August, particularly in regard to the value of my options (understanding that the company’s stock price could just drop as well, and my options could be worthless).
I have a four year vesting schedule with a one year cliff.
Submitted January 21, 2021 at 10:01PM by timeshore https://ift.tt/3iCzw5q
