Guissu Baier, a talent expert at General Catalyst who navigated the treacherous waters of startup equity compensation at Instacart, joins Nolan Church and Kelli Dragovich challenging conventional wisdom about refresh grants, and revealing that most companies lack a clear strategy.

Is it time to ditch the old-school "wait and see" approach and embrace a more performance-driven model?

Listen to Guissu, Kelli and Nolan as they offer insights into how to bridge the gap and foster collaboration between legal and HR teams.

*Email us your questions or topics for Kelli & Nolan: hrheretics@turpentine.co

HR Heretics is a podcast from Turpentine.

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KEEP UP WITH GUISSU, NOLAN, + KELLI ON LINKEDIN

Guissu: https://www.linkedin.com/in/guissu/

Nolan: https://www.linkedin.com/in/nolan-church/

Kelli: https://www.linkedin.com/in/kellidragovich/

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LINKS:

General Catalyst:

https://www.generalcatalyst.com/

General Catalyst's Equity Refresh Survey:

https://www.generalcatalyst.com/perspectives/equity-refresh-survey-2024

Related Podcast:

How Big Should Your Org Grow

https://hrheretics.substack.com/p/how-big-should-your-org-grow

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TIMESTAMPS:

(00:00) Intro

(00:13) Key Findings of the Equity Refresh Survey

(06:03) Treating Equity as Carefully as Cash

(07:11) Vesting Schedules and Equity as a Long-Term Incentive

(08:23) The Debate on Vesting Cliffs in Refresh Grants

(09:46)The Logic and Challenges of Refresh Grants

(11:43) The Importance of Paying for Performance

(14:34) Sponsors: Planful | Metaview

(16:40) Challenges in Designing Equity Refresh Programs

(19:07) Different Approaches to Refresh Grants

(25:24) Retaining Top Performers

(28:51) Connecting New Hire and Refresh Ranges

(29:25) Equity Choice and Fairness

(30:49) Equity Trade-Offs and Innovation

(32:57) Collaboration between HR and Other Departments

(37:11) Facilitation as a Key Skill for HR Leaders

(40:28) Branding and Executive Involvement in Training

(43:30) The Reputation of Lawyers in the HR Profession

(44:54) Risk Calculus and Cultural Risk

(46:02) Communication as a Key to Problem Solving

(47:37) One-Way Door and Two-Way Door Decisions

(47:55) Wrap

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit hrheretics.substack.com