How does equity work at Fonoa?

Fonoa offers equity to all team members. We believe everyone should have a stake in the company and be rewarded for their contributions. If Fonoa does well, so do you. 

We offer Restricted Stock Units (RSUs) withs a 4-year vest and a 1-year cliff schedule. This means that after your first year, 25% of your equity allocation will belong to you, each subsequent year brings you 25% and after 4 years with the company, you will hold 100% of the package granted to you. 

RSUs grow in value as the company valuation grows with the goal of employees being able to sell their RSU’s at a higher price than what was offered to you at the point of joining. This will happen when there is a liquidity event, i.e., acquisition or IPO.