Don’t Get Trampled: The Puzzle For “Unicorn” Employees
‘One of my sad predictions for 2017 is a bunch of big headline-worthy acquisitions and IPOs that leave a lot of hard working employees at these companies in a weird spot. They’ll be congratulated by everyone they know for their extraordinary success while scratching their heads wondering why they barely benefited. Of course, the reason is that these employees never understood their compensation in the first place (and they were not privy to the terms of all the financings before and after they were hired).’
(tags: share-options shares unicorns funding employment jobs compensation)
GitHub’s new Balanced Employee IP Agreement (BEIPA) lets workers keep the IP when they use company resources for personal projects — Quartz
Huh, interesting development:
If it’s on company time, it’s the company’s dime. That’s the usual rule in the tech industry—that if employees use company resources to work on projects unrelated to their jobs, their employer can claim ownership of any intellectual property (IP) they create. But GitHub is throwing that out the window. Today the code-sharing platform announced a new policy, the Balanced Employee IP Agreement (BEIPA). This allows its employees to use company equipment to work on personal projects in their free time, which can occur during work hours, without fear of being sued for the IP. As long as the work isn’t related to GitHub’s own “existing or prospective” products and services, the employee owns it.
(tags: github law tech jobs work day-job side-projects hacking ip copyright)