If you did not make it to the StartupExperts panel as part of NY TECH WEEK by a16z, our panelists (Venture)Crushed it (a pun for my friends at Lowenstein Sandler LLP). My favorite takeaway: Most folks agree that early/growth-stage employees should always be vesting equity. Typically, for regrants (especially for top performers), I've heard to do 25% of the original grant around 2-3 years in, which always felt random to me, and, worse, percentage thinking tends to drive inequity as people who came in earning less, get smaller bumps. Matt Hoffman shared a strategy focused on giving that employee the equity they would earn if they were hired today in that role, doing it at roughly the 3.5-year mark. Genius and simple. Love that. Michael Munroe and Megan Monson brought up other avenues such as smaller yearly grants (also genius and simple) and performance-based equity tactics (be careful but def interesting). Feeling FOMO? Come have breakfast with me and Christelle Rohaut tomorrow! Sign up: https://lnkd.in/dUFxnm4X
Looks like you had a full house!
I really need to get on the startup expert horse 🐎
Such an informative discussion, thanks so much for putting the panel together!
As long as employees are motivated by equity refresh (not all are, especially after the massive tech layoffs the last 18 months), important to have a scheme in place where the most critical roles are not ever “falling off an equity cliff”!
It was a great discussion - thanks again for hosting Ben Aronowicz!
Co-founder | CTO, AI + HR
6moBen Aronowicz What's your take on faster equity vesting for high performers?