Until today, employee equity at Mixpanel worked like it does at most other startups - which is to say, imperfectly.
Today we are announcing a major change we’ve made to our equity program: we’ve extended the post-termination option exercise window from the standard 90 days to five years for employees who join Mixpanel and stay at least two years.
This change is meant to help employees reap the rewards of their work at Mixpanel. Stock options are big part of our overall compensation package but some nuances of how they traditionally work can make it difficult for someone to actually purchase that stock if they choose to leave the company.
We didn’t make this decision lightly. There are some obvious benefits to employees with this change, but we did our research and made a calculated decision. It is our strong belief that this is the right thing both for our employees and for our company in the long term.
This is the deck that we used to present the plan to our executives and our board during the process we went through to make this decision and implement the change.
To learn more: https://blog.mixpanel.com/2017/03/14/employee-equity/
