Where did you work and how much money did you make?
Asking as it looks like a lot of promise of ESOPs and wealth creation has failed employees in this bloodbath slow growth, layoffs, and job changes.
I have had ESOPS in 2 companies #1 - company got acquired ..I got 45 Lacs IN ESOP ...thats 1.5X of my last annualized salary ( so additional salary for 18 months) #2 - Company became unicorn ... I quit and company bought my ESOPs . Got 2 Cr That is 3X of my annualized salary
Company 1 - I had joined at very early stage ; Company 2 - I joined at mid-stage
That's some amazing numbersš
How are you still a student?
I used to have 65L, atleast thatās what it showed on the portal, now Iāve left the company itās dropped to 6L
Ps. They did do a buyout and I did encash around 5L
Wow, getting something to materialize from esops is a big deal.
My managers used to say, I would get 2 cr out of my esops š
I left with zero.
True.. it is quite rare!
2cr to zero is quite the drop, I think the key is to keep expectations to zero when it comes to ESOPS
Unacademy making people rich, really?
I have cashed out ~30L and have 1.5 Cr of vested esops for future liquidation.
ESOP success stories are real.
This was buyback? Not IPO I suppose. How many times the value increased?
IPO wouldāve been much larger. This was buyback. Value of initial grant while joining increased 50X.
I still wish I shouldāve negotiated the deal more on ESOPs than cash when I joined.
I had ESOP value of 15 lakh vested in 3 years. Then I left the company and choose not to excercise it because I did not want to pay taxes before liquidation. After 1 year the company got acquired with very less valuation. Only investors, founders and some early employees made some money. The rest 80% did not get any money. So, I took the right decision not to excercise otherwise I had to pay taxes and would have got 0 money.
Most folks have zero understanding of what ESOPs are and how they work:
I know someone who took a loan from family & friends saying (& sincerely believing) that they have ESOPs worth 1Cr. Obviously, he got shock of his life when I explained him. The fool ended up getting a random street-side lawyer to send a legal notice to his present company, saying he was promised 1Cr etc. Got fired. šŖ
I asked someone how much emergency fund they have.. and they replied 30L in ESOPs. š¤¦āāļø
Most folks include ESOP numbers in their pay and share it with others.
Can u elaborate on what was misunderstood in the first scenario?
I have more hope from crypto than ESOPS
Please share how your company esop policy is. Is it really valuable for employees or just used to create hype and retail talent. How many years can you exercise them after resignation? How did the taxation go if someone has been lucky e...
Hi GVers, For those who've seen their company IPO (Zomato, Nykaa, PayTM, Delhivery etc.) during their tenure, by how much did you ESOP value appreciate after the IPO? Also, how long before the IPO had you joined the company?
For those w...
What's the value of your ESOPs when allotted to you and their worth now? Or they just melted like soap?
Hello guys, I would want to know what is the benefit of getting ESOPs in an early stage startup? The startup has a great team and working on a promising product. I have been offered a package with somewhat lower fixed component and s...
The ESOP is a bit of a blind bet. It's paper money that can get you a windfall if all goes to plan and executio...
