4 ms·
Very long, but very worthwhile read. It's about how common sense isn't common sense. Assume the worst will happen, always be ready to walk away, and only a fina
by rexf 16y ago
Very long, but very worthwhile read. It's about how common sense isn't common sense. Assume the worst will happen, always be ready to walk away, and only a final signed contract with money in your bank means anything.
One specific thing I learned from reading this:
> Typically value that is there today should be reflected in the 'cash' portion and value that is still to be built in the 'stock' portion.
This makes sense because you are getting paid in cash for the value at the time of selling your company. Whereas the stock is contingent on future performance and not a 100% sure thing.