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Design tech startup Flipspaces announces employee stock option plan

  • Interior design tech startup Flipspaces announced the launch of an employee stock ownership plan (ESOP) as part of its scaling operations.
  • The company is allocating 5% of its total equity to permanent employees with over 1.5 years of experience and significant contributions.
  • The ESOPs have a four-year vesting period and a one-year cliff, with priority given to leadership and critical roles.
  • Flipspaces plans to expand the ESOP pool as it achieves business objectives and expands its international footprint.

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