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"Even if I only had to pay the $4,050 to buy the stock options, I would not do it. I would rather invest this money on myself, and my family. I would even prefe
by mkmk 5y ago
"Even if I only had to pay the $4,050 to buy the stock options, I would not do it. I would rather invest this money on myself, and my family. I would even prefer to buy Bitcoins for that amount, than to invest it in GitLab."
Which would have been the better investment?
- compiler-guy 5y agoWhich would have been the better *risk adjusted* investment. It's easy to say in hindsight that it would have been a good choice, but far harder to know in the moment. Startups fail all the time, including YC ones.
- rossmohax 5y agoIn 2017 Gitlab was already gaining traction, it the very least it would be bought by some private equity firm.
- deleted 5y ago[deleted]
- nzmsv 5y agoNaively: the price of Bitcoin on April 3 2017 when this blog post was published was around $1100, so the author could have bought 3.68 BTC with his $4050. Even if he sold BTC at the all-time peak of $64863 he'd only make a third of what GitLab options would make.
- fishtoaster 5y agoLooks like opened at $1,318 on the day this was written. If you invested $4,050 on that day into 3.07 bitcoins, you'd have $174,819 today, which seems well less than Gitlab stock, which others are saying would be worth near a million. That said, if you'd invested $4k on a couple winning horses at Golden Gate Downs in 2017, you could also be a millionaire, so this sort of backwards-looking estimate is of limited value. :)
- tootie 5y agoGitlab hasn't actually gone public yet and he could still hold his shares indefinitely (if he had them) but they are looking to open at $66-69 a share and his price was $0.27. So roughly 250X.