4 ms·

It's not a 2 year cliff: it's 6 months before vesting, then 2 years before you can sell.

• ml-anon 1y ago
  Effective cliff. What use is vested “equity” (ppus aren’t even equity) that you cannot sell?
  • beering 1y ago
    It means that you can keep those shares even if you leave. Otherwise the term vesting cliff would be meaningless at any startup where the shares are not liquid.
  • kortilla 1y ago
    They are yours. That’s a huge difference between a real cliff and illiquid stock. If you decide you don’t like it, you take what’s vested after the cliff and leave. Even if you have to wait another year and a half to sell, you still got the gain.
  • rlt 1y ago
    Massive difference. You can vest and move on, even if you don’t have liquidity, which most private companies don’t for employees anyway.
    • ml-anon 1y ago
      Except you can only sell a prescribed amount at an undetermined time. By the earliest possible sell date you have already made 8 figures liquid at Meta.
      • rlt 1y ago
        Ok, but that’s a trade off anyone who works for a private company makes, and it’s never called an “effective cliff”.
        • ml-anon 1y ago
          Ok fine, 8 figure opportunity cost if that makes you feel better.