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by compsciphd 39 days ago
these policies hurt employees (at least US taxed ones, other countries only tax at liquidity events).

Large insiders (founders, investors et al), still get to unload their shares (i.e. to future investors), while employees who might have worked for the company for years and accumulated options (or sometimes unsellable RSUs) due to the company not being public get hit with large tax hits either at the same of vesting (for RSUs, but at least that's somewhat manageable) or at the time of leaving the company (due to the need to buy one's shares within 90 days or lose them and then be hit with a tax on the delta).