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Explaining Equity and Executive Compensation with Goodwin Procter

The Skip Podcast

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Is Early Exercise a Good Option Grant?

Most options have a 10 year life. The longest you can get is up to the original expiration date of the option. Most companies still stick to that default of a 90 day post termination exercise period. But it's a good thing to ask about as you're going into a company about whether you could get longer. Take these most offers that have raised a fair amount of capital, let's say they were a billion dollar company and I've got this relatively large offer for half percent,. They were a pretty high-dollar company; so my observation is it's going to take hundreds of thousands of dollars to exercise those options. Maybe not necessary but would really be disappointing when you go into a company

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