Which I think is fair. Having liquidity for employees of private companies is important and something that is very lacking currently. Right now it seems like your options are risk joining a Series A/B/C/etc company and potentially have to wait 5-7+ years while being fully illiquid the whole time and hoping they IPO or get acquired otherwise all your equity is useless. Or join a public company that typically has a 1 year cliff and then quarterly vests of RSU's that are much more liquid.
I'm seeing a lot of early stage startups offer much higher base salaries to compete with the big tech companies that can give out RSU's and this skew in the long run I feel hurts employees more than companies. So I think this levels the playing field a little bit.
Comments
Which I think is fair. Having liquidity for employees of private companies is important and something that is very lacking currently. Right now it seems like your options are risk joining a Series A/B/C/etc company and potentially have to wait 5-7+ years while being fully illiquid the whole time and hoping they IPO or get acquired otherwise all your equity is useless. Or join a public company that typically has a 1 year cliff and then quarterly vests of RSU's that are much more liquid.
I'm seeing a lot of early stage startups offer much higher base salaries to compete with the big tech companies that can give out RSU's and this skew in the long run I feel hurts employees more than companies. So I think this levels the playing field a little bit.