People at Meesho, can you share experience on ESOP buyback?
It's always something to look forward to in a startup. But wanting to know if it's actually meaningful. Are you making good money from it? Anybody around you who is making good money from it. This would really help a lot of us in startups know what to expect 🙏
Esops definitely hold the value. I did not care much when joining meesho about esops and hence only getting very little amount. However, i know people who are getting upto 60L to 70L straight up in their bank account in upcoming few months. Esops drastically help in wealth creation only if you are joining a startup slight early (maybe at series B or C round) and it goes on to become unicorn then your wealth multiplies. Joining a startup (joining meesho in last 1-2 years) hasn’t changed someones net worth drastically. Hope it answers your question
Grapevine107
Stealth
6 months ago
And they will lose 50% of this roughly because of the taxes they may have to pay?! 40% tax slab plus surcharge and education cess?
Somewhat yes! I am personally losing 30% in tax and 30% at which company is buying. In all, 50% is lost in this
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IMO esops are paper money. Esp in Indian start ups. Whenever this paper money turns to real money, it's to be seen as a windfall. Bas. If you think of esops as an unexpected bonus instead of something that will change your life, you will be happy.
