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please could you explain how a sop works employee stock option programs and how much percent of equity should generally be given to them if they join us early in the company yeah yeah it's great question so SOP stands for an employee stock option program which basically means when you join a company or you work at a company for a while in addition to beget being given money for your salary you're given shares and so what what happens in an example actually for me is I worked at I worked at Goldman Sachs and this is just a prospectus for my MBA students for when gold went public in 99 I was there at the time but but when I when I worked there I was given shares a very tiny amount cuz I was a grunt I was a photocopy boy but a very good photocopier and I was given shares and I wasn't allowed to sell them until a certain time and what happens usually in a lot of companies is you're given shares in the company but through options but you're not allowed to actually cash them in every year you have to wait three or four years and and that means they call it vesting which means you can cash in your chips every three or four years that's what investing means and they give you shares every single year that vest every four years so it's like a waterfall approach so every time you want to leave you think oh my god if I leave I'm leaving all this money on the table and it's like golden handcuffs it keeps you there keeps you there and yeah so anyway that's that's what that's what an esop is and if you have an additional question let me know but oh you're asking also what percent should be given to them if they join us early in the company yeah yeah so if you're on the other side and you're interviewing to go to a tech company or any company where you can be given a lot of options I would try to get a higher base salary if you have the option higher base salary or more shares here's what because you're gonna be given shares probably every year anyway at that company you know it's hard to argue for a big increase in your base salary and also you know like ninety nine percent your net worth is gonna be those shares anyway if the company does well if it doesn't well you got cash anyway so that's what I would say but it all depends like I've seen I've seen founders of companies get deluded from only one hundred percent of company in venture capital then Mitch capital investors invest and then they own you know less than 20 percent of the company by the time it goes public that's the founder and they don't mind only less than 20 percent because they're worth much much more because the price of the option or the stock or private company so to speak goes up a lot so I I think that I can I've seen cases where in the a rounds one of the earlier stages when a director of engineering or VP of engineering is brought in they get about two or three percent of the company it's not very much so III think you should think about it in terms of a very very small number they and I don't know the size your company but I would say well under 1%