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You're making the point that if there were a liquidity event they'd be forced to exercise. I made the point that they didn't have to exercise when they did, an
by tvladeck 11y ago
You're making the point that if there were a liquidity event they'd be forced to exercise.
I made the point that they didn't have to exercise when they did, and if they had waited they wouldn't have taken on any risk about the price of the stock they were receiving.
Note how those are not mutually exclusive.
- ScottBurson 11y agoBut beagle3's point is that the lock-up period means you still take on risk even if you wait until the liquidity event. Perhaps this is less risk in many cases, but it still isn't zero.