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by dangelo 3648 days ago
We were the first startup to use 10 year exercise periods, which started this trend. I wrote a long response to this here: https://dangelo.quora.com/10-Year-Exercise-Periods-Make-Sens...
2 comments

> Do employees want to join companies with the expectation that if any of these things happen at any point over the course of 10 years before an IPO, they end up with nothing?

This is a great thing to highlight. There's the company and the opportunity and then there's all that random stuff that you only understand after a decade in the industry.

That is incorrect. My 2000 stock plan from Lime Wire had 10 year exercise period from grant. Completely agree with you about all of it but you weren't the first one not by some margin.