Trying to figure out how to update. From the downvotes and comments, I’m clearly considered wrong, but I can’t easily find details on how. Is the statement “We have not and never will take away vested equity” a flat-out lie? I’d expected it was relying heavily on the word “vested”, and what they took away was something non-vested.
Is there a simple link to a specific legal description of what assets a non-signer was entitled to, but lost due to declining to sign?
Edit: Zvi recently linked to OpenAI NDAs: Leaked documents reveal aggressive tactics toward former employees—Vox, which does have pretty compelling references that my assumptions were wrong, that the denial was a verifiably false statement, and they did, in fact, credibly threaten to take back vested equity. I’ve checked my equity in past (private, so not exercisable unless they have a liquidity event) and current (public, so exercisable immediately on vest) employers, and this doesn’t seem possible for them. OpenAI is an outlier in defining their equity that way (such that “vested” is contingent).
Consider yourself shocked.
Trying to figure out how to update. From the downvotes and comments, I’m clearly considered wrong, but I can’t easily find details on how. Is the statement “We have not and never will take away vested equity” a flat-out lie? I’d expected it was relying heavily on the word “vested”, and what they took away was something non-vested.
Is there a simple link to a specific legal description of what assets a non-signer was entitled to, but lost due to declining to sign?
Edit: Zvi recently linked to OpenAI NDAs: Leaked documents reveal aggressive tactics toward former employees—Vox, which does have pretty compelling references that my assumptions were wrong, that the denial was a verifiably false statement, and they did, in fact, credibly threaten to take back vested equity. I’ve checked my equity in past (private, so not exercisable unless they have a liquidity event) and current (public, so exercisable immediately on vest) employers, and this doesn’t seem possible for them. OpenAI is an outlier in defining their equity that way (such that “vested” is contingent).