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Startup employees fearful of layoffs are looking for quick ways to exercise their stock

Startup employees fearful of layoffs are looking for quick ways to exercise their stock
Nufar Tagar/EquityBee



EquityBee is a cloud platform where startup employees can find potential investors who could help them exercise their stock options.




Founder Oren Barzilai said the platform has seen a spike in interest from startup employees worried about layoffs due to the coronavirus crisis and the economic downturn.




"Some of them already know that there are going to be layoffs because the company told them," he told Business Insider. "Some of them just feel the atmosphere and they're concerned."




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Entrepreneur Oren Barzilai is the founder of EquityBee, a cloud platform where startup employees can look for potential investors so they can exercise their stock options.
He said the platform has seen a big spike in interest in the last two weeks when the coronavirus crisis started to escalate.
"We are experiencing significant interest in the US from employees who just left their jobs or think that they're going to be leaving very soon due to recent events, and they're seeking help with exercising their stock options," he told Business Insider.
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