<story><title>Why I will not exercise my GitLab stock options</title><url>https://medium.com/@patocano/why-i-will-not-exercise-my-gitlab-stock-options-bf6f3dda62e</url></story><parent_chain><item><author>zeveb</author><text>&amp;gt; Damn, that email from the CEO about his private Twitter. That&amp;#x27;s completely out of line.&lt;p&gt;It regarded his &lt;i&gt;professional&lt;/i&gt; work on GitLab: &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;twitter.com&amp;#x2F;suprnova32&amp;#x2F;status&amp;#x2F;720396175954698240&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;twitter.com&amp;#x2F;suprnova32&amp;#x2F;status&amp;#x2F;720396175954698240&lt;/a&gt;&lt;p&gt;I think it&amp;#x27;s completely appropriate that he link instead to GitLab for such a thing, and I think it&amp;#x27;s remarkable that he didn&amp;#x27;t think the same.  This isn&amp;#x27;t like the ad world, where if your customer is Coke you can&amp;#x27;t be seen drinking a Pepsi in public (which I agree is crazy): he was posting about GitLab itself, linking to their GitHub mirror instead of to their own site, which completely undermines the GitLab position.</text></item><item><author>owenversteeg</author><text>Anyone who just cares about the numbers: he was given options of 45,000 shares, of which 15,000 had vested. These 15,000, or 0.0833% of the company, were available to him at $0.27&amp;#x2F;share, or $4,050 total. So he had the opportunity to buy 0.0833% of the company at a $4.8MM valuation. Given that they recently raised $20MM at an undefined valuation it really says something that he chose not to exercise the options. I really recommend you all read the post.&lt;p&gt;Also, damn, that email from the CEO about his private Twitter. That&amp;#x27;s completely out of line.&lt;p&gt;For those of you that didn&amp;#x27;t read the article, the CEO called him out about a specific tweet (on a personal account with only 146 followers) where he linked to GitLab&amp;#x27;s page on Github for crying out loud.&lt;p&gt;(also, curious note: this comment went from 4 points to zero in less than five minutes. Hmmmm.)</text></item></parent_chain><comment><author>haswell</author><text>Not commenting on whether or not this was &amp;quot;right&amp;#x2F;wrong&amp;quot;, but it&amp;#x27;s worth noting that the GitHub contributor page is showing something different than the GitLab contributor page (adds vs. commits). If adds is what he wanted to show, GitHub may have been the only place to show that.&lt;p&gt;It&amp;#x27;s also worth noting that if you search Google for GitLab source code, GitHub is the first thing that comes up. To an uninformed outsider, it looks like GitHub is where GitLab development happens.&lt;p&gt;It may not have been the best thing to do, but I don&amp;#x27;t think this tweet &amp;quot;completely undermines the GitLab position&amp;quot;.</text></comment>
<story><title>Why I will not exercise my GitLab stock options</title><url>https://medium.com/@patocano/why-i-will-not-exercise-my-gitlab-stock-options-bf6f3dda62e</url></story><parent_chain><item><author>zeveb</author><text>&amp;gt; Damn, that email from the CEO about his private Twitter. That&amp;#x27;s completely out of line.&lt;p&gt;It regarded his &lt;i&gt;professional&lt;/i&gt; work on GitLab: &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;twitter.com&amp;#x2F;suprnova32&amp;#x2F;status&amp;#x2F;720396175954698240&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;twitter.com&amp;#x2F;suprnova32&amp;#x2F;status&amp;#x2F;720396175954698240&lt;/a&gt;&lt;p&gt;I think it&amp;#x27;s completely appropriate that he link instead to GitLab for such a thing, and I think it&amp;#x27;s remarkable that he didn&amp;#x27;t think the same.  This isn&amp;#x27;t like the ad world, where if your customer is Coke you can&amp;#x27;t be seen drinking a Pepsi in public (which I agree is crazy): he was posting about GitLab itself, linking to their GitHub mirror instead of to their own site, which completely undermines the GitLab position.</text></item><item><author>owenversteeg</author><text>Anyone who just cares about the numbers: he was given options of 45,000 shares, of which 15,000 had vested. These 15,000, or 0.0833% of the company, were available to him at $0.27&amp;#x2F;share, or $4,050 total. So he had the opportunity to buy 0.0833% of the company at a $4.8MM valuation. Given that they recently raised $20MM at an undefined valuation it really says something that he chose not to exercise the options. I really recommend you all read the post.&lt;p&gt;Also, damn, that email from the CEO about his private Twitter. That&amp;#x27;s completely out of line.&lt;p&gt;For those of you that didn&amp;#x27;t read the article, the CEO called him out about a specific tweet (on a personal account with only 146 followers) where he linked to GitLab&amp;#x27;s page on Github for crying out loud.&lt;p&gt;(also, curious note: this comment went from 4 points to zero in less than five minutes. Hmmmm.)</text></item></parent_chain><comment><author>owenversteeg</author><text>There doesn&amp;#x27;t appear to be a GitLab equivalent. And that still doesn&amp;#x27;t change that it was his personal Twitter with 146 followers. The Tweet got one single like. &amp;quot;Undermining the GitLab position&amp;quot; with a Tweet that has one like seems ridiculous.</text></comment>