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I am a multimillionaire on paper due to restricted founder stock from a previous startup. I have left that job and don’t expect to ever see that money as the gu
by garmaine 6y ago
I am a multimillionaire on paper due to restricted founder stock from a previous startup. I have left that job and don’t expect to ever see that money as the guys in charge now are unlikely to ever realize an exit. I’m now back to earning just a regular software dev salary at a big corporation. I never got to see a return on any of my founder shares and not wealthy by any means.
Nevertheless, I’m now at risk of having a six figure tax bill every year for paper wealth that is 100% illiquid.
If this passes I would be leaving the state and guarantee you I would NEVER found a startup in California again.