In the case of this 'one friend', she was not handcuffed to a job because of equity considerations. Therefore, no problem for her to quit.
Kind of works against your original point, not for it.
In the case of this 'one friend', she was not handcuffed to a job because of equity considerations. Therefore, no problem for her to quit.
Kind of works against your original point, not for it.
Not sure why this would be surprising -- this situation is very common across startups. I am a co-founder also, and I have equity vesting agreements, understandably, as I want retention; I don't want employees constantly leaving with the next wind that blows. At the same time, I'd hate to keep a miserable employee who isn't fully productive. I'd like to think I set a good enough workplace culture that there wouldn't be harassment/bullying, but who knows...
What is more wicked, and beyond me as a business owner, is US tax treatment on illiquid equity. That really needs to change.