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Yet Another (ex-)VC Blog

Cloud computing, startups, and venture capital

Bravo Pinterest

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I hope this becomes a broader trend in the startup world. No reason employees should only have 6 months to make a decision on whether or not to pay for their illiquid chunk of equity.

Fortune has learned that Pinterest told employees that if they have been with the company for at least two years and choose to move on (or who are terminated), they now can hold onto their vested stock options for another seven years (post-departure) without exercising them. By doing so, Pinterest has removed a massive tax liability that haunts the dream of many successful startup employees.

via Exclusive: Pinterest unpins employee tax bills – Fortune.

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Written by John Gannon

March 23, 2015 at 4:25 pm

Posted in Uncategorized

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