Have you made significant returns from ESOPs ever?
(I know this general average poll doesn't really indicate the likelihood of a particular ESOP turning into big money. But I'm just curious about experience people have had with it).
ESOPs are a scam most of the times - especially in India.
Taxation is messed up for them.
There are a lot of ways to scam you out of the ESOPs (low exercise window, restructuring the company shares, disproportionate dilution etc.).
Plus, there is little chance of a liquidity event.
I have a chance to make good money but the taxation is double as usual and you end up paying most of the money to govt as taxes than you get it for yourself
Is it good to opt for ESOP when you know that the company is going public?
Guys that responded yes, any chance you can give some details on what's the scale of it, etc ? I'm interested in joining some early stage startup as a founding engineer and take some risk.
