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I got lucky at a startup and ended up with stock currently worth around $1.3M though could see it doubling the next round. I’m not that motivated career wise th
by tempsy 7y ago
I got lucky at a startup and ended up with stock currently worth around $1.3M though could see it doubling the next round. I’m not that motivated career wise though and in some ways having a nest egg that could likely stretch into retirement at a relatively young age is a bit demotivating oddly.
- ltbarcly3 7y agoThe value of a thing is defined as the amount you can sell it for. Valuation based on fundraising rounds is not how much you can sell your stock for. Your stock may be worth a lot more if/when it is finally liquid, but it is much much more likely that it will be worthless. There are many ways that your shares can end up worthless while the founders (or more likely investors) of the company cash out millions of dollars. Be careful to avoid being dependent on that stock in how you plan your finances.
- tempsy 7y agoI’ve already cashed out some in a company sponsored secondary round, so there’s definitely a market for it. Again, I got lucky, and the company is actually doing well from what I can tell (haven’t worked there for a number of years now)