How Should You Manage Your Stock Option Plan?

“I was expecting an offer of three percent,” Joe said to me. I’d been recruiting Joe since before we got our funding, and, now, two years after we closed our funding, we had offered Joe 0.75% stock options to become a Senior Scientist.

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Joe had a PhD from Stanford, and the engineering team thought he’d be a great addition to the team. I did too, but three percent was just way too high.