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Coinbase joins Pinterest in doing right by employees - Fortune

To my knowledge, not a single some other main startup did the particular same. Right now what's everyone else waiting for?

In March we wrote about how exactly Pinterest had designed a main move inside the interest regarding employee justice, permitting workers using a minimum of 2 years of support to retain vested stock selections for approximately seven many years following departure (voluntary as well as not), rather than the traditional 90 days. My guess is the real fact that they'll in addition figure out some thing for present employees who desire to move on, however this is actually a bit trickier from a regulatory perspective. This specific has been a big offer simply because many tech startup workers are heavily compensated through stock options, but an individual are forced to either exercise as well as shed vested alternatives upon departure -- something which not merely requires enough money to purchase the options, but also to end up being able to pay the onerous tax bill.

Coinbase, a digital wallet company that has raised more than $100 million throughout VC funding, these days will announce a similar program for first time employees (i.e., those joining this month and onward).

Kudos for you to Coinbase for carrying out right simply by its employees. Well, until today.. "One candidate even pointed out the Pinterest factor on the phone beside me in the program of an interview, as well as mentioned he by simply no means once again desired to function for any business which locked him in."

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Here had been the particular concluding line: "The large question now's if additional Silicon Valley 'unicorns' will follow Pinterest's lead."

"This is actually a lot more meaningful pertaining to employees when compared with giving all of them something comparable to totally free massages," says Coinbase co-founder along with CEO Brian Armstrong, which says he had been influenced by the Pinterest decision.

The fundamental answer was... Coinbase at present features about 100 employees, and also plans to include at least yet another 25 more than the actual next year.

Armstrong adds which simply no present Coinbase employee had agitated for your change, however he became a lot more conscious of the actual "golden handcuffs" issue when wanting to recruit using his or her company startups. nope

05:05:50 . 08 Agos 2015
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