According to Ryan Brewslow, > There IS risk to the employee; they now have a rea... | Hacker News

Hacker News new | past | comments | ask | show | jobs | submit

login

stu2b50 on May 25, 2022 | parent | context | favorite | on: Bolt announces layoffs

According to Ryan Brewslow,

> There IS risk to the employee; they now have a real loan outstanding and 100% personal recourse, so if the common stock becomes less than exercise price, their personal assets are on the hook

So I suppose the bank will be after your personal assets?

onlyrealcuzzo on May 25, 2022 [–]

It's usually quite rare for startups to offer good equity.

HOPEFULLY this loan isn't a lot more than OP's salary. And theoretically, they can be sold for a decent percentage of the principal.

ta988 on May 26, 2022 | [–]

Ain't gonna happen they will be worthless.

onlyrealcuzzo on May 26, 2022 | | [–]

They shouldn't be worthless yet. And OP should be able to sell them.

Consider applying for YC's Fall 2025 batch! Applications are open till Aug 4
Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact