A Guide to Employee Equity
As an ex-Gusto employee, let me provide another side.<p>Gusto also has a company bylaw where they can veto any employee sale. Not Right of First Refusal, but can flat out veto an employee selling stock to buy a home, pay off student loans, start a company, etc.<p>This isn't covered at the time of hiring, nor present in the option agreement provided to employees.<p>As an early ZenPayroll (now Gusto) employee and a leader of the culture up to 70 employees, I'm honestly embarrassed by the company's stance here. It's hypocritical (in my opinion) to the values talked about by the company.<p>Employees should benefit from the success of the company they worked hard to build. As a current founder, believe me I understand why founders get a much larger share. But at least be transparent.<p>You can read about our approach to equity, and everything else, here: <a href="https://octopoedi.gitbooks.io/employee-handbook/content/" rel="nofollow">https://octopoedi.gitbooks.io/employee-handbook/content/</a>