[bogomipz]

I was struggling to understand why someone would take a loan against options rather than just sell them on the secondary market like you mentioned and I think the key difference is that you can't sell an unvested option on the secondary market but with this Bolt program you could take a loan against an unvested option which is unique and kind of bizarre. Who would underwrite such a loan and how is the accounting for it done at the company level? Also wouldn't they be taxed as income?

[e9]

a lot of popular and semi-popular startups are hard for some VCs to invest in. So some of them like ESO fund (https://www.esofund.com) will give you money to exercise and pay taxes but on condition that they'll take a decent amount of profits when you sell the stock