from Gergely Orosz | by Gergely Orosz

I dug deeper and the Amplitude founder is a legend. They were the *first* company to introduce a 10-year post-termination exercise window. Their lawyers said they cannot be done. They did it, and open-sourced it, other companies following. The implications of this are massive: t.co/7Gg06rh0Yd

A 10-year post-termination exercise window means that an employee who joined in 2012, left 4 years later *still* made $10M, without having to exercise any options until now. It's hard to beat a policy like this. They did this in 2015: t.co/bMKfSGzxej

Summarized in a comment I added to the thread here: t.co/Pyr0FSpAwR t.co/t6HuTlsKF9

Updated my article on equity with the importance of long post-termination-exercise windows, and the reference to Amplitude: t.co/WxQ9pQh2mY