A couple years ago, this one 28 year old woman I knew left a Series B funded company after two years for a higher salary at a large financial institution. She decided not to buy a single one of the many options she had spent two years accruing. At the time, I thought she was crazy because her startup was clearly going places.
Well, I’ve finally come to realize that perhaps she wasn’t crazy. Maybe she really also believed in the trajectory of her startup, but simply didn’t have enough money to buy her own shares.