In the US, option grants are driven by intense competition for talent. Until then, too much of Europe’s top talent will simply join the European arms of US firms, relocate, or stick to lower-risk corporate jobs. You can also find it on our website at: Our take Bringing employee ownership to EuropeĪt Index, we believe that a fresh approach to employee ownership is key to creating European tech giants on the scale of Google or Amazon. We chose to open-source our work, so you can read or download the entire Rewarding Talent handbook from our website at: Alongside this handbook, we’ve developed the OptionPlan tool, which will help you determine option allocations for your entire team, whether you’re at seed stage or Series A. Valuable lessons they’ve learned in the process. Founders and executives from the likes of Farfetch and Elastic share theirĪpproaches to employee ownership, their successes and their mistakes, and the You’ll also find case studies from Index portfolio companies throughout the book, demonstrating the range of best practice. We’ve included the basic information you need to design your stock option plan and policies, ready-to-use allocation models, and advice from those who’ve been through it – plus our own perspective as investors. Who do you offer stock options to? How many? When? How do you adapt your policy as you grow, and as you move into different geographies? How can you ensure employees understand the scheme? This handbook is designed to help European founders make critical decisions. This is exacerbated by the complexities of doing business on a continent made up of 30 different countries, all with different cultural norms, regulations, tax incentives, and so on. In Europe, employee ownership is less common – and there has been no clear playbook for startups to follow. The result is that these startups have the people they need to succeed early on. In Silicon Valley, employee stock option grants have helped attract the world’s best talent to small startups with limited cash, but near limitless potential. One of the key ingredients is employee ownership. We adapt and apply best practices from Silicon Valley to our startups in Europe, to prime them for success. World-changing tech companies can start anywhere – but we recognise Silicon Valley’s sophisticated model of scaling and investing in startups as second to none. We have 160 companies in our portfolio, equally split between Europe and the US. From our hubs in London and San Francisco, we use our deep knowledge to invest in outstanding startups. We were born in Europe more than 20 years ago, and today we have feet firmly planted on both sides of the Atlantic. The Index Ventures experience Our insight The untapped potential of employee stock optionsĪt Index Ventures, we’re proud to back the most ambitious entrepreneurs, and support them on their journey to realize their vision.
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