In today's episode, Mike Patrick dive deep into the often misunderstood world of startup equity compensation. Using personal experiences and industry-tested frameworks, they break down key equity concepts - from options and RSUs to vesting schedules and cliffs.
The conversation covers different types of grants (new-hire, promotion, merit, and evergreen), the evolution from flexible early-stage percentages to fair and equitable banding systems as companies scale, and the pivotal role of equity in attracting, retaining, and motivating top talent.
Learn practical strategies and math-backed models for structuring offers, communicating value, and leveraging equity as a competitive advantage - plus why regular education and board collaboration are essential in a successful equity program.