When is the best time to issue stock option to employees?

Karyn asks:
When is the best time to issue stock option to employees? at the very beginning of the startup or later near the IPO?
When is the best time to issue stock option to employees? at the very beginning of the startup or later near the IPO?
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after a tenure of 5 years
Around the time that you delay or deny promotions or raises would be your best bet.
~~~Where I work,,you have to be an employee one year ,,,then after 3 years our employer will match dollar for dollar,,,I think that is a good idea because an employer should not have to dish out money to people that are not planning to stay with the company for a long time,,,,,