In this month’s Qapita x nextNYC webinar, I asked Chris Hoffmann, ECA why equity feels great on day one and then stops mattering so much. Chris compared it to Christmas morning. It’s exciting at the grant, exciting again at the cliff, and then it starts to fade around 50% vested. He says that’s when you should be talking to people about a refresh, before they start taking recruiter calls. Thanks to Qapita for partnering with nextNYC on this series! #ESOP #EmployeeEquity #StartupEquity #Retention #Founders #nextNYC #Qapita
I really don't think so. It is all correlated to how the company is doing and what liquidity opportunities look like. If those are good then equity grants have value and most want to help be a part of that story. If not, then who cares about the equity it's most likely worthless for the majority.
Very well put 👏👏👏
You can watch the full recording of our conversation on equity refreshes here: https://www.youtube.com/watch?v=qjCDOrhM5Xs