How far do you think new Silicon Valley companies (and YC companies in particular) have progressed in providing fairer equity grants to employees? In particular I&#x27;m interested in what the norms are for &quot;if you leave the company you must exercise in 90 days&quot; type terms.<p>I know that you&#x27;ve been working on this problem personally and a few high profile companies have publicly announced changes. But what&#x27;s going on with new small companies? What are the current norms?<p>I know that YC takes care of a lot of the legal work when setting up new YC companies. What do you currently recommend for employee option grants?