5min chapter

LEVELS – A Whole New Level cover image

#84 - Startup Equity 101: ISOs, NSOs, RSUs, Secondary Sales, & other things you should know | Henry Ward, Sam Corcos, & Zac Henderson

LEVELS – A Whole New Level

CHAPTER

What's the Version of Employ Liquidity in the Market?

The tender offer is a good instrument, but it's a relatively prude one. You can only do it in conjunction mearly with the primary rounds. It feels to me like restricted shares are better for employees becase yhou're actually giving them the shares. The reason why our very early employees and the founders get restricted stock is because they buy it. And then once you become a public company, you switch to r s s, to gris, our restricted shares as well.

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