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?
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.