Last year was a painful one for startups and their employees. Separately, a Secfi analysis of 1,502 funding rounds at late-stage startups since March 2021 finds that startups are raising more flat rounds and down rounds than before. Employee stock options are a meaningful factor in startup compensation, and underwater stock options have the potential to negatively impact hiring and retention across the startup ecosystem.
Balanced News: Inside Secfi’s 2022 state of stock options equity report

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