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>I think the article misses the point: are we now in an era where you actually expect to get stock when you join a company?

If you join with the expectation of stock or are sold on stock as part of your package then yes. Based on the article, people were offered stock contingent on another funding round. That round never happened. If they were sold on promises of getting that stock and a round happening then they're right to be pissed.

This has, as I read it, nothing to do with a company that just decides to not give out promises of stock in any form.




> If they were sold on promises of getting that stock and a round happening then they're right to be pissed.

Does a statement of the form "you'll get X if condition Y" imply "we will seek condition Y so that you can get your X"? I don't think that it does.

For example: companies offer dividends if they make a profit. But that doesn't imply that the company will seek to make a profit in order to confer dividends. It's nice when they do, but there's no implied promise of working toward profitability just so that the dividend condition will apply.


That depends on what exactly the company said to candidates and how upfront they were about the terms.

In my experience companies do far more selling than just sending out an offer. Furthermore, the offer in my experience doesn't include the paperwork for equity unless you request to review it.


Every single employment offer I've sent or received that included equity stated so in the offer letter, expressed either as a % or an absolute number of shares.


Did it include the detailed paperwork for the equity which would include all terms such as requiring conversion to a corporation? Or was it just a number that you assumed didn't have any gotcha clauses attached?




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