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‘Two months ago, an early Uber employee thought that he had found a buyer for his vested stock, at $200 per share. But when his agent tried to seal the deal, Uber refused to sign off on the transfer. Instead, it offered to buy back the shares for around $135 a piece, which is within the same price range that Google Ventures and TPG Capital had paid to invest in Uber the previous July. Take it or hold it.’ As rbranson on Twitter put it: ‘reminder that startup equity is basically worthless unless you’re a founder or investor, OR the company goes public.’
(tags: startups uber stock stock-options shares share-option equity via:rbranson work)