Hacker News new | ask | show | jobs
by ztratar 3304 days ago
First post. Shady. Sounds like a MongoDB recruiter trying to hack recruiting to me.

Trying to get in right before the IPO means that most of the money is already on the table and that will be priced into your options. If you think this is a method to get quick-cash, you're very wrong. Instead look to join a company ~1.5 years out. Why? 1.5 years = 1 year vest cliff, purchase shares. You then have to sit on them for 1 year to get capital gains tax instead of income tax.

You're also barred from selling options usually the first 6 months of the IPO. Thus, 1.5 years is perfect.

2 comments

The "half a brain" bit is going to attract the cream of the crop I'm sure.
Thanks Ztratar. Did a lot networking and researching to obtain this information, and what you say makes sense but their recruiters are promising A LOT. Seems a bit odd most their people, including the CRO, come from the similar companies who happen to have been acquired or IPO'd. Not a fan of what I'm hearing, definitely not a company I'm thinking of pursing. Thanks again.
>Anyone else has thoughts on this because I'm starting to think about jumping on board with them if this is the case?

>Not a fan of what I'm hearing, definitely not a company I'm thinking of pursing.

Which of these statements is true OP?