Sorry to hear your situation Jane. I think they are playing a game with you, who apparently own an IP that they have a very strong desire to take, and they hope they can get it for free by hiring you - which might be a economical decision for them (I.e. ‘cheaper’) or makes better legal sense (I.e. ‘safer’). I’m not as an awesome as you, so I never owned an IP, and that’s why I have not had any reply from my potential employer telling me they have to get their lawyers involved to finalize my offer. It’s just money, equity, take it or leave it, plain simple So the fact they are having so much back and forth with you and their lawyer meaning they are customizing what should be standard hiring practice - to obtain more than what they deserve from a simple employment relationship. This company seems fishy and does not deserve your time. And the equity with their token looks riskier than say the equity offers from other startup or public companies. It’s just standard offer which is not more attractive than any other offer which you can get from this red hot market. Their CEO seems nice but it’s his job to be nice to all top talents he wants to hire. And seems he didn’t do anything meaningful for YOU and he didn’t really put himself in your situation. And your guess is right for #2 - pretty sure they are doing this to add duress. Hope you feel better soon and find a better opportunity than this one. You deserve better.
And yeah like everyone else in this thread said - in the future don’t quit until you have a signed offer in hand. Insurance running out is tough, but there are options like COBRA (google it) or going back to your current employer. Or just start looking right away. Good luck!
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Sorry to hear your situation Jane. I think they are playing a game with you, who apparently own an IP that they have a very strong desire to take, and they hope they can get it for free by hiring you - which might be a economical decision for them (I.e. ‘cheaper’) or makes better legal sense (I.e. ‘safer’). I’m not as an awesome as you, so I never owned an IP, and that’s why I have not had any reply from my potential employer telling me they have to get their lawyers involved to finalize my offer. It’s just money, equity, take it or leave it, plain simple So the fact they are having so much back and forth with you and their lawyer meaning they are customizing what should be standard hiring practice - to obtain more than what they deserve from a simple employment relationship. This company seems fishy and does not deserve your time. And the equity with their token looks riskier than say the equity offers from other startup or public companies. It’s just standard offer which is not more attractive than any other offer which you can get from this red hot market. Their CEO seems nice but it’s his job to be nice to all top talents he wants to hire. And seems he didn’t do anything meaningful for YOU and he didn’t really put himself in your situation. And your guess is right for #2 - pretty sure they are doing this to add duress. Hope you feel better soon and find a better opportunity than this one. You deserve better.
And yeah like everyone else in this thread said - in the future don’t quit until you have a signed offer in hand. Insurance running out is tough, but there are options like COBRA (google it) or going back to your current employer. Or just start looking right away. Good luck!