Ever heard about people getting payout for their vested ESOPs when they exit the firm? Does this really happen?
Got a buyback from my last seed startup when leaving as an early employee, so it does happen. Although the amount wasn't a lot for me.
See you can get a buyout and they do happen. It's just risky and that's as probably it'll be years before the business is in good shape to compensate you. So suggest evaluating both the trust aspect of the founder and whether you honestly believe that the company can grow big
Should we consider ESOPs comparison too while comparing two offers?
I'm currently a front end dev in an early stage startup, been more than 1.5 years here, joined as a UI dev took up frontend. I've just got ESOPs and wanted to know what do people think. Not thinking of switching right now cuz recession, ...
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 annualize...
Many zomans I know are filthy rich already.
I used to have 65L, atleast that’s what it showed on the portal, now I’ve left the company it’s dropped to 6L Ps...
I have read somewhere that 90% of the People who receive ESOP are never able to benefit from it? (Company not doing well hence never able to sell it). Etc