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How far do you think new Silicon Valley companies (and YC companies in particular) have progressed in providing fairer equity grants to employees? In particular I'm interested in what the norms are for "if you leave the company you must exercise in 90 days" type terms.

I know that you've been working on this problem personally and a few high profile companies have publicly announced changes. But what's going on with new small companies? What are the current norms?

I know that YC takes care of a lot of the legal work when setting up new YC companies. What do you currently recommend for employee option grants?

I mostly only know about YC companies other than what I've read in the press about large companies, but it seems like this has gotten much better.

We want to create a new employee option plan with all of our recommended fixes. We've been busy, but we'll hopefully get to it soon. We'll open-source it, of course.

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