Very interesting! Thanks for sharing this, Peter.
It's clear that start-ups are not for everyone. It's crucial to put in place the proper governance, HR, and hire people leaders that will help nurture a culture that helps with retention. I look forward to connecting with Carta Community members to talk about this and other topics. I have been a CFO and head of finance/ops in multiple organizations, and have seen a lot to support these stats! I have also seen and learn how to best promote and retain incredible employees and leaders to collectively achieve success and move that chart to the right column!
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Maksim Altmark
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Original Message:
Sent: 07-25-2024 08:08
From: Peter Walker
Subject: Will you make 4 years at a startup?
Most startup employees don't make it to end of their initial 4-year equity grant.
And recent cohorts (defined by hiring year) are trending much worse. Nearly 25% of employees hired at startups in 2022 left before 1 year.
Gotta plan ahead on exercising and personal finance!
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Peter Walker
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