Microvesting

Most startups don't have enough cash to pay programmers as much as they deserve, unfortunately (or maybe not). Instead of cash, startups give their early employees shares of stock, which they will be able to either 1) sell in a few years and become millionaires billionaires, or 2) throw away and remain nobodies. It's a common practice. The question, however, is what is the right procedure, and the optimal algorithm, to transfer those shares to programmers. When exactly do they become...