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To: OtherChap who wrote (19748)10/2/1998 9:13:00 PM
From: Glenn D. Rudolph  Respond to of 164684
 
Ever hear of "vest fest" ? I've seen it dozens of times, employees hang around just long
enough to vest a sizeable portion of their options, then quit. If you think these people are
looking out for the investors, then I have a huge but slightly used bridge near manhattan
that I'd like to sell you.


How much are you asking?<G>

Glenn



To: OtherChap who wrote (19748)10/3/1998 12:38:00 AM
From: Bill Harmond  Read Replies (1) | Respond to of 164684
 
>>I've been in the valley long enough and know enough people who've worked at startups and their exit strategy is ALWAYS the same. Get in, cash out, move on. It is NEVER to make a profit. What do they care about profit if they can unload 20 million dollars of stock onto a bunch of people that have been convinced by analysts (most of which usually helped underwrite the stock in the first place) that stocks such as Amzn are actually investments, instead of pyramid schemes.

You're hanging with the wrong crowd.




To: OtherChap who wrote (19748)10/3/1998 11:55:00 PM
From: Victor Lazlo  Read Replies (2) | Respond to of 164684
 
<< I've seen it dozens of times, employees hang around just long enough to vest a sizeable portion of their options, then quit. >>

And OC, if their options should fall into substantially "out of the money" region, they won't stick around in that case, either. Then the co has a major problem trying to replace them because no new potential hires will want to take options.

Victor