Fitness Quote by David Weekly
““Thinking about joining a startup? Ask for a hiring bonus equal to the exercise cost, early exercise rights, and NSOs instead of ISOs. Exercise as soon as possible and ASAP file an 83(b) Election. Recently hired? If you can afford to fully exercise your options and are permitted to do so, ask to get your ISOs converted to NSOs, perform an early exercise, and file an 83(b) Election.””
About This Quote
Advice on negotiating equity compensation and tax strategy when joining a startup.
In simple terms: Negotiate equity terms and file tax election early.
Key Takeaway
Secure favorable equity and tax position.
Themes
equity compensation
tax planning
startup hiring
Mood
practical
informative
Type
advice
guidance
When to use this quote
- joining a startup
- receiving a job offer
- exercising options
- tax filing
- converting ISOs to NSOs
Key Concepts
stock options
83(b) election
early exercise
NSO conversion
Questions to Reflect On
- Do you have cash to exercise early?
- How will early exercise affect your tax liability?
A Different Perspective
Requires financial resources and legal guidance to execute.
