Huy Nguyen nguyenhuy

Who pays when startup employees keep their equity?

JD Maturen, 2016/07/05, San Francisco, CA

As has been much discussed, stock options as used today are not a practical or reliable way of compensating employees of fast growing startups. With an often high strike price, a large tax burden on execution due to AMT, and a 90 day execution window after leaving the company many share options are left unexecuted.

There have been a variety of proposed modifications to how equity is distributed to address these issues for individual employees. However, there hasn't been much discussion of how these modifications will change overall ownership dynamics of startups. In this post we'll dive into the situation as it stands today where there is very near 100% equity loss when employees leave companies pre-exit and then we'll look at what would happen if there were instead a 0% loss rate.

What we'll see is that employees gain nearly 3-fold, while both founders and investors – particularly early investors – get dilute

AsyncDisplayKit Layout Transition API

Animating between layouts

The layout transition API makes it easy to animate between a node's generated layouts in response to some internal state change in a node.

Imagine you wanted to implement this sign up form and animate in the new field when tapping the next button:

	/**
	* Don't use this in production!
	*
	* Screenshot of it working: https://user-images.githubusercontent.com/2466893/27601666-f65159f0-5b24-11e7-969d-fe86103c21de.png
	*/

	/**
	* This is real, private CA API. Valid as of iOS 10.
	*/
	typedef enum {

	<?php

	// Place this file in th same directory with your Dashlane Export.csv
	// and run using the following command in your Terminal:
	//
	// php convert.php
	//
	// This will create a file named fixed.csv, which should work for
	// 1Password 6 import. In addition to moving fields into correct places,
	// this will also try to remove hashed lines {...}, as well as lines where

	/*
	* This is an example provided by Facebook are for non-commercial testing and
	* evaluation purposes only.
	*
	* Facebook reserves all rights not expressly granted.
	*
	* THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS
	* OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY,
	* FITNESS FOR A PARTICULAR PURPOSE AND NON INFRINGEMENT. IN NO EVENT SHALL
	* FACEBOOK BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN

	/**
	* Fancy ID generator that creates 20-character string identifiers with the following properties:
	*
	* 1. They're based on timestamp so that they sort after any existing ids.
	* 2. They contain 72-bits of random data after the timestamp so that IDs won't collide with other clients' IDs.
	* 3. They sort lexicographically (so the timestamp is converted to characters that will sort properly).
	* 4. They're monotonically increasing. Even if you generate more than one in the same timestamp, the
	* latter ones will sort after the former ones. We do this by using the previous random bits
	* but "incrementing" them by 1 (only in the case of a timestamp collision).
	*/

	- (NSArray )tableView:(UITableView )tableView editActionsForRowAtIndexPath:(NSIndexPath *)indexPath {
	UITableViewRowAction moreAction = [UITableViewRowAction rowActionWithStyle:UITableViewRowActionStyleDefault title:@"More" handler:^(UITableViewRowAction action, NSIndexPath *indexPath){
	// maybe show an action sheet with more options
	[self.tableView setEditing:NO];
	}];
	moreAction.backgroundColor = [UIColor lightGrayColor];

	UITableViewRowAction blurAction = [UITableViewRowAction rowActionWithStyle:UITableViewRowActionStyleDefault title:@"Blur" handler:^(UITableViewRowAction action, NSIndexPath *indexPath){
	[self.tableView setEditing:NO];
	}];

	/**
	Creates a dictionary with an optional
	entry for every element in an array.
	*/
	func toDictionary<E, K, V>(
	array: [E],
	transformer: (element: E) -> (key: K, value: V)?)
	-> Dictionary<K, V>
	{
	return array.reduce([:]) {

	<?xml version="1.0" encoding="utf-8"?>
	<manifest xmlns:android="http://schemas.android.com/apk/res/android"
	package="com.trifork.example"
	android:installLocation="auto"
	android:versionName="@string/client_info" >

	<!-- ... -->

	<application
	android:hardwareAccelerated="true"

	$ git clone https://android.googlesource.com/platform/frameworks/volley
	$ cd volley
	$ android update project -p .
	$ ant jar

	// Then, copy bin/volley.jar into your libs/ folder and off you go!