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> 4) Custom negotiated options contract outside of industry norms OR BigCo stock that has value today

The norm is changing. Good startups today generally offer 5-10y exercise windows. [1] This is something Triplebyte started, and they have a guide for how to implement it. [2]

[1] https://github.com/holman/extended-exercise-windows

[2] https://triplebyte.com/blog/extending-stock-option-exercise-...




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