The "Free Money" Trap: Vesting Explained 💰

Grow As Entrepreneurs on Instagram: "In 1983, Steve Jobs explained how stock options aligned risk and ownership at Apple. Instead of forcing employees to buy shares upfront, Apple granted options at the current price with 4 years to decide — no downside if the stock fell. If shares rose from $10 to $100, employees could exercise later, often using loans backed by the gain. Vesting at 25% per year created long-term commitment without financial risk. Before Apple went public, over 80% of the compa