Good points.
I think in some was they're almost used as a tech. sector equivalent of an unpaid internship. And when you're young, it's pretty exciting and enticing to get shares or options.
Could you clarify about the unanimous shareholder agreement? Is that with respect to the company board of directors being greedy once an exit event occurs, and reneging on the options?
In my situation they're more of a retention strategy, which is fine. Given the number of outstanding shares and what my options are set at, I don't think it would be anything mode significant than a larger than usual bonus.
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