Segment: Bolt Slashes Valuation 97% and Screws Over Employees

This segment is sparked by the situation at Bolt, where employees who participated in an employee loan program were impacted by the company's valuation which was slashed by 97%. Kelli and Nolan discuss the post termination exercising window, the need for employees to be better educated about equity, and share personal experiences with options. Forward this to any HR Pro who needs to hear it - and tell them to subscribe hrheretics.substack.comSPONSOR:Attio is the next generation of CRM. It’s powerful, flexible and easily configures to the unique way your startup runs, whatever your go-to-market motion. The next era deserves a better CRM. Join OpenAI, Replicate, ElevenLabs and more at https://bit.ly/AttioHRHeretics TIMESTAMPS:(00:00) Bolt’s revaluation and how it affected employees(03:30) Get smart about equity(04:00) Carta’s Guides to Equity(05:00) Post termination exercise window(08:00) Sponsor: Attio(09:00) Why 90 days?(10:25) Nolan’s personal story with his options from DoorDash(13:00) Early employees get screwed(14:00) Request for crowdsourced google sheetLINKS:Carta Equity 101 - https://carta.com/equity/learn/Carta Equity 102 - https://carta.com/blog/personal-finance-102-table-stakes/GET IN TOUCH WITH NOLAN, + KELLI ON LINKEDINNolan: https://www.linkedin.com/in/nolan-church/Kelli: https://www.linkedin.com/in/kellidragovich/HR Heretics is a podcast from the Turpentine podcast network. Learn more at www.turpentine.co This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit hrheretics.substack.com