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| 0 7920 Yes, the most common vesting period is 4 years, but you aren't supposed to accept | |
| 7920 9920 anything at face value. | |
| 9920 12000 So think about it. | |
| 12000 16920 Based on what you have thought about as your company's long-term objective, what blocks | |
| 16920 22600 of period sound right and just fit much better? | |
| 22600 26680 Try to arrive at a very natural sense of that period. | |
| 26680 33440 You see, you can adopt 4 years because that is the norm, but it really won't be yours. | |
| 33440 37840 If after having thought about your long-term goals, you have come to the conclusion that | |
| 37840 43160 yes, 4 years works for us, then it is yours. | |
| 43160 47040 You could feel that 5 years sounds much better to you. | |
| 47040 49640 Could there be some resistance from the employees? | |
| 49640 50640 Possibly. | |
| 50640 56000 Why are you doing 5 when most others do 4, they might ask? | |
| 56000 59880 Your conviction about your vision helps you answer that. | |
| 59880 66320 And most people don't mind when they see that there is some substance behind that thought. | |
| 66320 72120 Also, do not think for a moment that the longer you keep the vesting period, the longer | |
| 72120 74040 you people will stay. | |
| 74040 77040 So let me vest the options over 10 years. | |
| 77040 82080 In that case, you may not find any good people to begin with. | |
| 82080 87760 People tend to stay longer when they are excited about the goal they are pursuing. | |
| 87760 93360 If people are staying only for the options to vest, you have a not-so-interested team | |
| 93360 96760 working for you, which is not good. | |
| 96760 101920 Keep it at a reasonable level that can be justified by your long-term vision. | |
| 101920 107200 Even the long-term vision can usually be divided up into blocks of time. | |
| 107200 110840 But whatever that number is, make it yours. | |
| 110840 112400 Own your vesting period. | |