3/ It means that exiting employees who couldn't afford to exercise their options after they left the company didn't need to, and still very much benefited from this exit. Unfortunately, most startup employees don't exercise when they leave.
6/ It's tempting to get cajoled into not doing this or ditching it by the rest of the cap table, some of whom see alumni as "deserters" or "unbelievers" undeserving of a windfall, but the reality is that these sorts of restrictions just amplify privilege.
8/ They can choose to leave bad bosses. They can choose to leave unethical companies. They can take unpaid leave to care for family members. They can choose to work on things that are fulfilling and empowering, not only for the paycheck.
10/
@holmanhas compiled a dope list of startups with extended exercise windows. You should work for one. It says a lot about the character of its leadership.