What are ESOPs?

How would you explain ESOPs in layman's term ? (consider ESOPs for gameskraft)

31mo ago

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JumpyTaco

Stealth31mo

Esops of gamekraft are subprime 🤣🤣

GroovyPotato

Zomato31mo

Why would you say that? Highly profitable making = higher chances of buyback

DizzyLlama

Atlys31mo

Startups way to lure people towards them by showing them projections of how their future growth would be and how much wealth you'll gain by owning piece of them.
Most times you end up losing money! Esops are taxed highly. Esops cannot be sold anytime, it can be only when such events occur. There are so many conditions around it even during selling like the exercise period being low etc, and you have to stay for 4 yrs to get the entire amount.