In these unprecedented times, many businesses have had to make workers redundant in order to free up vital cash. However, some startups are taking a different approach and are leaning on the benefits of equity to see them through these tough months.
Equity has always been one of the main reasons – if not the only reason – for employees to join startups, as options in a startup can end up being far more valuable than salary.
And now, in the face of the current pandemic, some startups are taking this a step further by offering stock to offset their salary reduction. By doing this, they are able to keep their employees and continue to grow their business.
Read all about it here, happy reading!