"Founders and management may want to maintain control of the business and get some liquidity. Early investors may also be looking for liquidity. You have employees that you need to retain, keep happy, and recruit. These are not problems that arise in year one, but they’re problems that arise in year seven, year eight."
Joaquin Gamboa, Chief Legal Officer, Zocdoc
"It’s all about expectation setting at the beginning. When people joined, they joined because they wanted to be a part of building something big, building something great, transforming an industry, having a huge impact on people’s lives."
Paul Sieminski, General Counsel, Automattic
"Think creatively about options and equity as a part of your total comp package, and then get creative if you can with ways to do it. This obsession with equity is definitely not the same around the world. If you don’t offer that as a piece of your comp package in Silicon Valley, you may be at a very big disadvantage, but you’re not necessarily at the same disadvantage in most other markets in the world."
Michal Rosenn, General Counsel, Kickstarter
"Break free from the expectations of how technology companies or tech companies based in Silicon Valley or in the tech world here in New York are expected to operate. Think more creatively about the way that you’re handling compensation."