France improves stock options policies for startup employees

TechCrunch | 1/20/2020 | Staff
MicaellaMicaella (Posted by) Level 3
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A couple of weeks ago, France’s digital minister Cédric O announced some changes when it comes to stock options in France. President Emmanuel Macron is going to talk about the new policy today ahead of the World Economic Forum.

While I don’t want to be too technical, here’s a quick overview of the changes.

Price - Stock - Options - BSPCE - France

First, the price of stock options (also known as BSPCE in France) won’t be based on the same VC-determined valuation. Let’s take an example — a VC fund invests in a Series A round, valuing the company at €12 million.

If you join the company after, you can get stock options based on a lower valuation, which increases the chances of higher returns. Going forward, there will be a different valuation for employees getting stock options.

Startup - France - Stock - Options

Second, if you work for a foreign startup but you’re based in France, you couldn’t receive stock options....
(Excerpt) Read more at: TechCrunch
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