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I think the run-in referred to something different than the tweet. > After the run-in happened, I decided to lay low and focus on the job. I even stopped posti

• neltnerb 10y ago
  From my reading of it, it was referring to OP's disagreement about the Service Engineer team taking on correcting the internet whenever someone is wrong about GitLab with a staff of five people. I still think they should have just taken the options... the idea that with a current $100M valuation they won't end up being worth at least $5M doesn't seem justified based only on just these anecdotes. I assume the contract didn't allow resale of the options to a third party.
  • underwater 10y ago
    Investors would have liquidation preferences, so the stock would be worthless once value drops low enough (e.g. less than funding received).
  • achompas 10y ago
    It's not the final valuation though, there are other factors. Time value of money, dilution through failed attempts to raise more money, etc. From OP's perspective, he could go to Japan with his wife now, or maybe get his money back years from now. I know many people who have bought stock at companies valued higher than $100M, only to either lose their money or make 0% return during the recent S&P500 boom. Complete waste of time.