protip: although the board likely had to meet to approve their options contract, the board can also do anything such as backdate the vesting period or quantity or strike price or set a more favorable vesting schedule<p>and simply didn't, it was never a factor as the board didn’t meet on the matter of actually granting them the options at all
> If I ask a hundred people on the street if they’d clean my house in return for getting $1000 in a year, the vast majority will expect to receive it one year after doing the job. Some might expect a year after that conversation. Few or none will expect that they will receive it one year after a future event that I don’t tell them about. LoanStreet either intentionally deceived me or accidentally deceived me but have since refused to make it right by fulfilling what a reasonable person would consider to be the promise they made me.<p>I feel bad for this guy, but he definitely should have got it in writing before joining. But I guess if he had pushed for it he might not have got an offer.
This is why it's really important to go over your offer letter in detail and potentially even use some legal counsel. Besides companies being straight up malicious, there's a ton of ways companies can simply produce typos in the official offer letters. It's worth triple making sure the details are correct.<p>We try to help with this wherever possible through our negotiation service at <a href="https://levels.fyi/services/" rel="nofollow">https://levels.fyi/services/</a>. You'll be surprised how many times a recruiter might've misheard something on a phone call and it transfers over to your contract with the company.