One, why would you ever want more of a growth company that is shrinking 13 years in with no exit in sight. Two, you miss out on 3 years of upside relative to a 4-year grant. It’s a terrible deal, but I see why they’d want to give it.
> One, why would you ever want more of a growth company that is shrinking 13 years in with no exit in sight.
Because if your given a fixed dollar amount of shares, and the overall evaluation goes down, you get a higher percentage of ownership.
Why would you want this? In the event that there is an exit, I presume the payout is better.
Public companies are also declining currently if you're using valuation to determine growth. And some of these are 20+ year old companies.
> Two, you miss out on 3 years of upside relative to a 4-year grant. It’s a terrible deal, but I see why they’d want to give it.
This only true assuming things keep going up. Which as we can see, is not true. It's not a "terrible deal". It's a more risk averse deal. If you started a new job at a company in the last 6-12 months and were granted 4 years of stock at a higher price, then stripes offering probably looks pretty good right now.
