We have not undergone a 409A valuation to determine the current strike price of Clef stock.
So basically, what you're saying, is that unless you're guaranteed to strike it rich, it's better to ask for more salary, more vacation time or other tangibles? Greeeeeat.
I would prefer profit sharing to stock options/equity or actual ownership that means something, such as in a co-operative. It's great they want to make sure they're building a company for the future, but cash now is always better and even better is if it's guaranteed cash in the future too (as with profit sharing where you can actually see the increase or with performance bonuses where you can actually see if they're shrinking or growing).
So basically, what you're saying, is that unless you're guaranteed to strike it rich, it's better to ask for more salary, more vacation time or other tangibles? Greeeeeat.
I would prefer profit sharing to stock options/equity or actual ownership that means something, such as in a co-operative. It's great they want to make sure they're building a company for the future, but cash now is always better and even better is if it's guaranteed cash in the future too (as with profit sharing where you can actually see the increase or with performance bonuses where you can actually see if they're shrinking or growing).