CallMeShirley

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 🙏

8mo ago

OddOzone6

Meesho8mo

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

Stealth7mo

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?

OddOzone6

Meesho7mo

Somewhat yes! I am personally losing 30% in tax and 30% at which company is buying. In all, 50% is lost in this

Rhombus

CARS248mo

Long time, no see

Lostcause

Meesho8mo

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.