Giving our team liquidity through Linear’s first tender offer

As part of our Series C, we completed a tender offer that gave current and former teammates the opportunity to sell a portion of their vested options at a $1.25B valuation, the same price offered to our investors. From the beginning, we’ve tried to design Linear’s equity program to be as employee-friendly as possible. That comes from my firsthand experience at previous startups, where I had to exercise options within 90 days and then hold shares indefinitely with almost no flexibility. Often the