4 ms·
I don't think they can just do that with ISOs? Pretty sure the valuation has to be audited iirc
by carlosdp 7y ago
I don't think they can just do that with ISOs? Pretty sure the valuation has to be audited iirc
- sgk284 7y agoThe 409A valuation was $70B or whatever, but they were selling the equity as though it was already worth 70% more than the paper value. (Hence the distinction between their "internal valuation" and the 409A). It was super sketchy. Basically trying to argue that the offer they were giving me was already worth a ton more than it was.