<i>During my interview process I was told 3 different times by the CEO that there was a vehicle setup for employees to sell shares back to the investors of the company (namely usv and spark). It turns out that this was a complete sham and sales job. I’m not the only person who’s been told this during interviews (the person who replaced me as head of tech was similarly surprised to find out it doesn’t exist).</i><p>That's really bad. Perhaps Dan should have done a bit more homework on this alleged vehicle, rather than taking the CEO's statements at face value. Perhaps he should even have got something in writing. But it's undeniably dishonest of the CEO to have said this when it wasn't true.<p><i>But really, these are the employees who helped build your business, and ripping them off of earned options to the tune of 20% is shit.</i><p>But that's the deal. Options are there to entice people to join a company, and to stay there. Once someone has decided to leave, the options have failed in their purpose. Why would the company give away money once that has happened? If it was part of the deal that they would, then sure, they should. But it isn't part of the deal.<p><i>This isn’t an “employees need to learn more about options” problem.</i><p>Yeah, it is.